The United States has already hit its debt ceiling--the legal limit of the amount of money it is allowed to borrow, as established by Congress. Right now, the U.S. Treasury is resorting to "extraordinary measures" to keep paying the country's bills. Sometime between February 15th and March 1st, the Bipartisan Policy Center projects, the Treasury's ability to use these "extraordinary measures" will end.
Here's What Will Happen If We Don't Raise The Debt Ceiling
Henry Blodget, Business Insider
Sat, 01/12/2013 - 11:59am
Topics: x-date. u.s treasury february march americans steve bell loren adler shai akabas brian collins the treasury business insider please twitter facebook united states endsentence congress treasury bipartisan policy center business insider raise the debt ceiling happen if we don't raise pay time bills measures extraordinary default payments hit money people promised companies government stiff spending ability importantly country reckless happened understand
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