Debt ceiling 'X date' could hit Oct. 18
September 10th, 2013
10:21 AM ET
7 months ago

Debt ceiling 'X date' could hit Oct. 18

New York (CNNMoney) - A new analysis by a think tank shows that Washington's drop-dead deadline for the debt ceiling could hit as soon as Oct. 18.

Estimating exactly when the Treasury Department will be unable to pay all the bills coming due every day if Congress fails to raise the nation's legal borrowing limit is notoriously difficult.

That's why, in an analysis released Tuesday, the Bipartisan Policy Center put the "X date" between Oct. 18 and Nov. 5.

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Filed under: Debt • Treasury Department
soundoff (11 Responses)
  1. Data Driven

    Hey, I'm amenable to corresponding spending cuts to go with paying the debt ceiling ... as long as the Pentagon is what gets cut. Amazing, innit, that the sequester has COMPLETELY missed the Pentagon.

    I remember reading that our arsenal is 16 times the size of the rest of the world ... combined. A little excessive, que non? We build weapons we don't need, just to destroy them in theater because they're not worth bringing back. Wasteful spending. Oui.

    September 10, 2013 10:34 am at 10:34 am |
  2. jpmichigan

    Quite sending our hard earned money to countries that hate us. We could have billions in the treasury!!!

    September 10, 2013 10:52 am at 10:52 am |
  3. CB FL

    Looks like its time for congress to go on vacation.

    September 10, 2013 10:55 am at 10:55 am |
  4. Tampa Tim

    Quit sending our hard earned tax dollars to red states that hate us.

    September 10, 2013 11:01 am at 11:01 am |
  5. Gunderson

    Country in debt? No! You've got to be kidding! How you like big Liberal Plan so far? Rob Peter Pay Paul. Re-Arrange Deck Chairs on Titanic. Whoopee!

    September 10, 2013 11:07 am at 11:07 am |
  6. Tampa Tim

    Gunderson – Over $12 trillion of our national debt is from Reagan, Bush, and Lil' Bush. Doesn't't say much about conservatism.

    September 10, 2013 11:24 am at 11:24 am |
  7. Winston Smith

    Where was this (so called debt ceiling), when Syria, was the hot topic. Seem's there's a bottomless pit of money for some things, but damned little for domestic pursuits. Let's find some middle ground here if we can, and quit threatening the American taxpayer with shut downs and cut backs. If you want to cut back on programs, start with the over inflated pay of our politicians and corporate C.E.O's.

    September 10, 2013 11:25 am at 11:25 am |
  8. boungiorno

    we will surely pay the piper and it will make itself be felt in a way that doesnt let you forget BY THE WAY TWO WRONGS DON'T MAKE A RIGHT! GROW UP!

    September 10, 2013 11:35 am at 11:35 am |
  9. Gurgyl

    Tax foreigners on H1-B visa guys. O.k.

    September 10, 2013 11:39 am at 11:39 am |
  10. Fair is Fair

    Data Driven

    Hey, I'm amenable to corresponding spending cuts to go with paying the debt ceiling ... as long as the Pentagon is what gets cut. Amazing, innit, that the sequester has COMPLETELY missed the Pentagon.
    -------–
    Ummm... if I'm not mistaken, there was an equal amount cut from defense as there was non-defense under the sequester.

    September 10, 2013 11:48 am at 11:48 am |
  11. Rudy NYC

    Here we go again. For the record, let's make note of the fact that Republicans are talking out of both sides of their mouth. One side of it says, that they are "vowing to oppose any measure that provides funding for the federal government, including money for the health care law." Uh boy, Republicans and their pledges and vows.

    Meanwhile, the other side of their mouth is saying "our goal here is not to shut down the government." No, their goal is to shut down the government and somehow lay the blame on the administration. They're building a narrative in people's minds that a government shutdown is not their goal, but then the proceed to do exactly that. They want to be able to claim that doing so was never their goal, and that they tried their best to prevent it. Liars.

    September 10, 2013 12:27 pm at 12:27 pm |