• Extraordinary measures would be exhausted by end of Feb if debt ceiling not raised
  • Once exhausted US cash balance will decline faster than it would at other times of year
  • US would start missing payment son its obligations very soon after measures exhausted
  • Congress should act quickly
  • Unnecessary delays or political posturing could trigger a crisis

Here’s how the yanks are getting on with their debts

US debt clock

Countdown to extinction

And you can watch it live and in all its tick-tock glory here