This resolves as Yes if, before March 17, 2025, Eastern Time, the United States enacts a law that increases the statutory debt limit, suspends it for any period of time, or abolishes it.
1,000Spending bill will pass as soon as they can legislate it, margins in the house are to thin to wait. Also,
"By using the partisan budget reconciliation process, the GOP would deprive Democrats of any ability to use the debt ceiling deadline to extract concessions. Bills passed with this process cannot be filibustered in the Senate, effectively allowing passage by a simple majority rather than the usual 60 votes needed to end debate." https://www.investmentnews.com/tax/house-gop-takes-first-step-toward-tax-cuts-debt-limit-increase/259305
It looks like the date when the government runs out of money is not until June. So this seems unlikely to me. They like to wait until the last minute.
@SemioticRivalry this is an administration that just doesn’t care about the status quo and what has been. They do as they please, for no other reason than they can, and the dems just don’t want the country to collapse so of course they will support an extension.
@traders this market just spiked to 80%+, I would love to know the rationale from any Yes buyers, or was there some news?
@ismellpillows no, it just happens that the debt ceiling always gets raised. The scenario in which it doesn’t would probably mean the USA has already collapsed.