Treasury Borrowing Authority Exhausted by March

Should the White House and Congress not reach a deal to raise the debt ceiling, “the federal government will exhaust its authority to borrow money as early as March according to projections from the nonpartisan Congressional Budget Office, ” reports the Washington Post.

Suspension of the nation’s debt limit was extended through February 7 as part of an agreement among lawmakers to end the October government shutdown.

According to The Washington Post, “the Treasury can resort to what it describes as ‘extraordinary measures’ to continue borrowing after Feb. 7 if lawmakers do not extend the suspension or raise the debt limit by then [but] the CBO said those moves would ‘probably be exhausted in March.'”

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