U.S. Treasury Reaches Its Debt Ceiling

James V. Baker profile picture
James V. Baker


  • U.S. nearing its statutory debt limit of ~$31.281 trillion.
  • Congressional gridlock on changing the debt limit appears likely.
  • Fed QT roll-off of $60 billion in U.S. Treasury securities is continuing.
  • Secretary of Treasury, Yellen, has warned the Speaker of the U.S. House that the existing debt limit is forecast to be reached on January 19, 2023.
  • Recent Congressional dealings regarding the nation's debt ceiling have tended to cause market turmoil.

Rabbit and magic wand

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In a January 13, 2023 letter to Kevin McCarthy, Speaker of the U.S. House of Representatives, Secretary of the Treasury Janet Yellen warned that the nation's debt limit was projected to reach its limit on January 19, 2023. The current

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James V. Baker profile picture
I am the author of Asset/Liability Management (1981) and The Investor's Guide to Cannabis Stocks (2021). After enjoying a successful and varied career as an author, commercial banker, investment banker, city treasurer, investment adviser, NASD arbitrator, consultant, tenured university professor and tennis professional, I retired to South Florida. My academic credentials include having earned a masters degree in Economics and a doctorate degree in Finance. In 1979, I founded a successful nationwide investment banking firm now known as The Baker Group and in the 1980s I had my own family of mutual funds. I am a Contributor to Seeking Alpha which has published more than 80 of my articles. My speeches, tweets, articles, and books on banking, the economy, and cannabis stocks have garnered significant interest from investors worldwide.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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