US debt ceiling issue - key events to monitor

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3/7/2023

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Some key events that you should monitor about the development of the debt ceiling issue are:

- The date when the US hits the debt limit, which is estimated to be **no earlier than the third quarter of 2023**¹⁴. - The date when the Treasury Department runs out of **extraordinary measures** to keep paying its bills, which could add several weeks to the deadline¹⁴. - The date when Congress reaches a deal on raising or suspending the debt ceiling, which could involve negotiations, compromises, or political brinkmanship²⁶. - The date when President Biden signs a bill into law that resolves the debt ceiling crisis, which could be before or after the deadline²⁶. - The impact of the debt ceiling crisis on various government programs like Social Security and Medicare, which could face delays or disruptions in payments if a default occurs³.

Source: Conversation with Bing, 3/7/2023(1) When’s The Debt Ceiling Deadline For 2023? - forbes.com. https://www.forbes.com/sites/simonmoore/2023/01/11/whens-the-debt-ceiling-deadline-for-2023/ Accessed 3/7/2023. (2) When’s The Debt Ceiling Deadline For 2023? - forbes.com. https://www.forbes.com/sites/simonmoore/2023/01/11/whens-the-debt-ceiling-deadline-for-2023/ Accessed 3/7/2023. (3) 2023 United States debt-ceiling crisis - Wikipedia. https://en.wikipedia.org/wiki/2023_United_States_debt-ceiling_crisis Accessed 3/7/2023. (4) We're 4 Months Away From Debt-Ceiling Deadline, but Congress Won't Act. https://www.businessinsider.com/when-will-us-reach-debt-ceiling-deadline-congress-negotiating-default-2023-3 Accessed 3/7/2023. (5) What happens to Social Security if we hit the debt ceiling?. https://www.usatoday.com/story/money/economy/2023/01/18/debt-ceiling-deadline-2023/11074671002/ Accessed 3/7/2023. (6) The debt ceiling issue | The Tribune. http://www.tribune242.com/news/2023/mar/06/debt-ceiling-issue/ Accessed 3/7/2023.

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