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US May Hit Debt Ceiling by Mid-February: Report

CNBC - Jan 7, 2013

The U.S. government could exhaust its ability to meet all its financial obligations as early as Feb. 15, according to a new analysis by the Bipartisan Policy Center.

The Center estimates a window from Feb. 15 to March 1 as the time that the "extraordinary measures" the Treasury Department is taking to stave off the debt limit may run out. Those measures, which involve a delay in the reinvestment of certain government funds, provide roughly $200 billion of maneuvering room.


The Center's analysis points toward the latter part of that two-week period as when such measures would be exhausted and the government would be forced to choose among which of its bills to pay. Because of the volume of bills scheduled to become due during that period, the window is unlikely to extend beyond March 1.

Read Full Article from CNBC

- Posted: 2013-01-07 15:26:34


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