When will the US next raise, suspend, and/or abolish its debt ceiling?
Closing Jan 01, 2024 08:01AM UTC
After the contentious fight within the Republican Party to elect a Speaker of the House, there are concerns that a major political fight over the US debt ceiling looms (US News, Guardian, CNN). The public debt ceiling (aka public debt limit) is a statutory limit on how much debt the US government may issue, with limited exceptions (Investopedia - Debt Ceiling, Congressional Research Service). As of 16 December 2021, the ceiling was set to its current level of $31,381,462,788,891.71 (US Treasury). Select "Published Reports" in the "Preview & Download" section, select "Previous" under “Select Report Date," and then set the year to "2022" and month to "Dec." The value will be in footnote 5.
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|Possible Answer||Crowd Forecast||Change in last 24 hours||Change in last week||Change in last month|
|Before 1 May 2023||10.56%||+0.52%||+0.43%||-7.44%|
|Between 1 May 2023 and 31 August 2023||72.04%||+2.84%||+3.00%||+8.04%|
|Between 1 September 2023 and 31 December 2023||14.56%||-1.44%||-1.44%||+0.56%|
|Not before 1 January 2024||2.84%||-1.92%||-1.99%||-1.16%|