As a result, the debt ceiling is $20.455 trillion. (Highest since WW2) The Treasury must use incoming tax receipts and raid federal pension funds to keep from issuing new debt. It will run out of these extraordinary measures in March 2018.
This is going to be the real problem for Trump - and its rushing towards him like a freight train - will be interesting to see what happens.
The reason for this accelerated problem - a drop in US govt tax income (yeah the perfect time for more tax cuts).
This means they will need get Senate approval to increase the cap otherwise US defaults on loans - that's Trump's preferred method in business so it will be interesting (PIGSUSA anyone?????).
Since the Republicans played games with Obama over this issue I can see the chickens coming home to roost. Perfect time to get the Democrats even further offside.
