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Tomorrow is the deadline

http://www.foxbusiness.com/politics/2017/03/13/moodys-u-s-debt-limit-not-doomsday-scenario-yet.html

"A bitter battle over the debt ceiling in 2011 brought the federal government to almost a complete standstill as overnight negotiations at the time yielded little in the way of compromise from Congressional Democrats and Republicans. Just hours before the U.S. missed some of its payments, Congress increased the debt limit, but not before ratings agency Standard & Poor’s downgraded the U.S. credit rating for the first time in its history – saying U.S. Treasury debt no longer deserved status as the safest in the world.

To avoid a similar happenstance, during another showdown in 2015, instead of setting a specific dollar cap on the U.S. borrowing authority, Congress opted to suspend the debt ceiling altogether until March 15 of this year – that allowed borrowing to continue while also punting responsibility to a new president and a new set of legislative leaders. The debt ceiling on Thursday will reset at America’s total outstanding level on that day, which is estimated by the Bipartisan Policy Institute – a Washington think tank – to be around $20 trillion."(From the story)