I had the 5 key components on the debt deal here, which included the detail that the debt ceiling is loifted through to February 7, 2014, but that the US Treasury has ‘emergency flexibility’ to avoid default for a period of time after that date.
Citi says that the ‘emergency flexibility’ measures should be worth around $200 billion of additional debt capacity, which should take the ‘hard’ limit trhough to March 2014 (no specific date in March mentioned).
