Bloomberg: US nearing $16.4 trln debt ceiling

  • Treasury has room until mid-February based on extraordinary measures, according to the Congressional Budget Office (differing retirement contributions, etc)

4 Comments

  1. Hmm…. wasn’t this movie on theaters last year also ?! Is this the sequel ?

  2. Yep, there’s one every year…Kinda like “Twilight”

  3. 16.4 trln, thats a new box office record….. and records are meant to be broken…
    get ready folks…
    though not gona benefit box office much since its all money from thin air…

  4. U.S. debt ceiling will not impact the dollar because the fiscal cliff precedes it. Moreover, this year’s debt ceiling is not new news like it was the first time in Jul 2011. Does anyone recall the debt ceiling being raised in January 2012? Probably not. Strictly speaking, however, if a government can’t borrow U.S. dollars become more expensive because supply is reduced. And, breaching debt ceilings can increase interest rates which in turn further reduce money supply. These two outcomes in the supply chain can be offset by reduced demand, of course.

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