Debt Limit Analysis
With updated government financial data and a more extensive analysis of daily transactions that will occur in September, October, and November, BPC has narrowed that projected window to October 18 – November 5.
ESTABLISHING A NEW DEBT LIMIT LEVEL 36 Roughly what would the debt limit need to be to get through 2014*? $20,000 $18,000 $16,000 Billions of Dollars $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0 Increase of ~$1.1 trillion $16.7 Trillion $17.8 Trillion Current Debt Limit Debt Limit to Cover Obligations through December 2014 *The estimates in the chart above assume that sequestration continues to take effect, war spending declines as scheduled, Medicare physician payments are frozen at 2013 levels (the “Doc Fix”), and the “tax extenders” in the American Taxpayer Relief Act of 2012 are extended permanently. Given that the time frame is far in the future, this estimate is subject to significant uncertainty. Source: Congressional Budget Office, Bipartisan Policy Center projections