Uncle Sam To Hit Debt Ceiling Again In October


1. Government Could Default By Mid-October

2. Time To Raise The Debt Ceiling Once Again

3. Debt Held By The Public Vs. Government Debt

Overview – Government Could Default By Mid-October

We will touch on a couple bases today. We begin by revisiting the federal debt ceiling, or borrowing limit, since the government will run out of money to pay its bills by the middle of next month or so. Yes, after suspending the debt ceiling back in 2019, it was automatically reinstated at the beginning of August. So, here we go again with the political fights over whether or not to raise the debt ceiling – as we always do.