FT/Adam Samson/02-23-17
An act of Congress in 2015 that temporarily suspended the country’s borrowing limit has taken spotlight off of the debt-ceiling debate, which has repeatedly roiled the markets in recent years.
However, the halt expires on March 15, according to Fitch. After that, the Treasury will need to take on what it calls extraordinary measures to cope with the statutory limit. But, it will ultimately fall on lawmakers to raise or suspend it.
PG View: This could pose quite a conundrum for lawmakers who have historically voted a certain way on the debt ceiling issue . . .
