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talljasperman's avatar

Is another debt ceiling crisis due in the United States this month?

Asked by talljasperman (19162 points ) January 3rd, 2014

Before I lost my cable I heard that the debt ceiling comes due in January. It’s January now so what happens next? Or does everyone look the other way for another 4 months while the debt ceiling is raised? I still don’t have cable, and I was out of the loop for a month. Also feel free to tell me what I missed from December 2013 onwards.

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4 Answers

YARNLADY's avatar

What? There are news sites all over the internet, which you obviously have access to.

The quick answer is no, no more than usual.

zenvelo's avatar

The debt ceiling issue doesn’t come up again until February 7. And the Treasury has tools to push it out until mid year.

But everyone in the House, and a third of the Senate are up for re-election this year, and the Republicans were heavily criticized for their games-playing back in October, that they won’t want to be seen again as obstructionist.

jerv's avatar

Precisely, @zenvelo. If they pull the same stunts again, a Democrat-controlled Congress is almost assured, so they will pass it just like they passed it dozens of times under the Bushes.

talljasperman's avatar

@YARNLADY This was in social so I can get to know people.

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