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And before you ask, this is NOT the Onion.
Was it Hoyer who was saying this to be the last increase ? Is anyone driving the bus ?
And before you ask, this is NOT the Onion.
Was it Hoyer who was saying this to be the last increase ? Is anyone driving the bus ?
WASHINGTON — The US debt is on track to hit a congressionally proposed debt ceiling of 14.3 trillion dollars by the end of February, the Treasury said Wednesday, a day ahead of a key vote to raise it to that level.
"Based on current projections, Treasury expects to reach the debt ceiling as early as the end of February. However, the government's cash flows are volatile, making it difficult to forecast a precise date," the Treasury said in a statement.
The current limit on the public debt of the United States is 12.374 trillion dollars.
The US debt exceeded 12.349 trillion dollars on Monday, according to Treasury data.