Sunday, March 8, 2015

A Quick Update on the Debt Ceiling

A quick update on the debt ceiling:  Apparently our borrowing limit expires on March 15.  Treasury Secretary Jack Lew hopes by "extraordinary measures" to postpone the need to raise the ceiling until October or November.

Good!  With luck, that means any showdown over the debt ceiling will coincide with a showdown over the budget and tend to be linked in the public eye.  I favor linking the two.

So, current agenda, showdown over Homeland Security in February.  Possible showdown over Obamacare in June, depending on what the Supreme Court does.  Showdown over the budget in September that may merge into a showdown over the debt ceiling in October/November.  Fun all the way!

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