How will the 2023 US debt ceiling crisis be first addressed?
How will the 2023 US debt ceiling crisis be first addressed?
27
1.1kṀ25k
resolved Jun 3
100%99.9%
Raise the debt ceiling
0.0%Other
0.0%
Default on any debt
0.0%
Mint the trillion-dollar platinum coin
0.0%
Issue premium bonds
0.0%
Issue perpetual bonds
0.0%
Issue debt via Special-Purpose Entities
0.0%
Invoke the 14th Amendment
0.0%
Issue illegal debt above the debt ceiling as the "least illegal" option
0.0%
Couple the debt ceiling to GDP
0.0%
Challenge the constitutionality of the debt ceiling law
0.0%
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What will be the first outcome or action taken by the US in the debt ceiling crisis?

[Warning: this is a free-answer market where picking the best answer could be very subjective. I'll do my best to answer questions.]

Resolves to the first official US government action that directly addresses or is caused by the debt ceiling crisis. For example, if the Treasury mints the trillion-dollar platinum coin and then later Congress raises the debt ceiling, resolves to the former. For another example, if the US defaults, resolves to that.

The already ongoing "extraordinary measures" will not be included. Things like "hold negotiations" wouldn't count because they aren't US government actions.

Details:

  • I will generally try to pick more specific answers that fit than more general ones, but may award partial credit to an earlier answer that fits if a more specific one is submitted later when news comes out.

  • If there are duplicate answers, I will pick the earliest

  • I will not trade in this market except to submit new answers with a M$1 bet.

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1y

@belikewater This is probably overlapping with the "Invoke the 14th Amendment" answer, unless there's another avenue of constitutional challenge?

2y

@daniel Possibly not mutually exclusive with "Raise the debt ceiling", but this option is very different to raising the dollar amount, as has always been done before

2y

@jack This will include e.g. the government delaying payments due on Monday to Tuesday.

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