Seeking Alpha

U.S. has until late next month to increase debt limit

  • Congress has until late February to lift the $16.7T debt ceiling and avert a U.S. default, Treasury Secretary Jacob Lew said yesterday.
  • During the last brouhaha over the matter in October, the cap was suspended until February 7. From that point, the Treasury will be able to juggle the money about for a bit to stave off a default before running out of cash.
  • The question is how much the GOP will try to use the debt limit to try to extract concessions from the Democrats, such as with a decision on the Keystone XL pipeline.
  • "The speaker has said that we should not default on our debt, or even get close to it, but a clean debt-limit increase simply won't pass the House," said Michael Steel, a spokesman for House Speaker John Boehner.
Comments (1)
  • mitrado
    , contributor
    Comments (2028) | Send Message
     
    Again...!?
    23 Jan 2014, 06:44 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs