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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Started post elsewhere as did not see this thread -

Any feds or Hill workers here in the know about how worried we should be ? With a divided Congress, and nut jobs in prominent committee positions thanks to the House Speaker election debacle - is it highly unlikely that Congress will pass a debt ceiling increase?

Any chance for bipartisanship on passing a debt ceiling increase?

CBO report KEY POINTS 
https://www.cnbc.com/2023/02/15/debt-ceiling-us-is...snt-raise-limits-cbo-says.html

* The nonpartisan Congressional Budget Office issued a new estimate of how long the Treasury Department can sustain its extraordinary measures to prevent a debt default: Five to eight more months. 
* If Congress does not pass a debt ceiling increase before these measures are exhausted, the government will have to delay certain payments, default on its debt, or both, CBO said. 
* The CBO also revised its projection for the size of the annual federal budget deficit over the next decade.

US risks debt default as soon as July: CBO 
https://thehill.com/finance/3859710-us-could-default-as-early-as-july-cbo/

The federal government could default on its debt as early as July if Congress is unable to raise the debt limit, according to a report released Wednesday by the Congressional Budget Office (CBO). 
The nonpartisan budget scorekeeper said the Treasury Department could exhaust the so-called “extraordinary measures” it began taking last month to stave off a default sometime between July and September. 
…. 
The report comes a month after the Treasury warned it could run out of the emergency measures as soon as June, after the national debt reached the roughly $31.4 trillion threshold set by Congress more than a year ago.[/quote]

I think Biden caves. You can't play chicken if the other guy is suicidal. Republicans in power don't seem to care [/quote]

How can he cave if the ahi use is blocking efforts to raise the debt limit ?[/quote]

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