U.S. Will Hit Debt Limit by Mid-December

[RandySF]

“Treasury Secretary Janet Yellen has set a new ‘X date’ for the debt limit — Dec. 15,” Punchbowl News reports.

“That’s just 29 days from today. And remember, it’s really less than that because financial markets will start to panic if Congress and the White House don’t look like they’re on a path to resolving the situation before that point.”

“Also, government funding runs out on Dec. 3. And Senate Democrats are likely to be struggling to pass the Build Back Better Act through much of December. That effort, however, may be derailed by twin government funding and debt limit fights.”




https://politicalwire.com/2021/11/16/u-s-will-hit-debt-limit-by-mid-december/

[SoCalDavidS]

1. Oh Yeah, Almost Forgot About That

I'm sure they'll start working on it right around December 14.

[Fiendish Thingy]

2. Good- it will make for some powerful leverage to get Manchin and Sinema to pass BBB.

I’m sure their donors wouldn’t like to see the world economy collapse, and take their stock prices with it.

Put the debt ceiling in the BBB package and dare Manchin and Sinema to vote it down.

[honest.abe]

3. Dont worry. Even asshole evil Republicans dont want their personal wealth to disappear.

There will be some sort of agreement to deal with this before we hit the debt limit. You can always count on greed to force those in Congress to do what needs to be done.

[jimfields33]

4. Another short term extension I'm sure. Probably February.