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Friday, January 20, 2012

"Debt" Ceiling to be Raised January 27th

Bloomberg has a recent story that details the schedule for the so-called U.S. "debt" ceiling to be increased by an additional $1.2T  here.

Treasury has been taking some extraordinary fiscal actions in order to avoid violating the current ceiling including the delay of purchases of US Treasury bonds by the US  Federal employees 401k funds that the Bloomberg story discloses.

So things should "return to normal" (or perhaps I should say SNAFU) after the 27th when normal fiscal flows should be re-established.

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