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Debt Ceiling Analysis

Debt Ceiling Analysis

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Published by: Bipartisan Policy Center on May 29, 2012
Copyright:Attribution Non-commercial

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04/15/2014

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Debt Limit Analysis
JULY 2011
 
ASSUMPTIONS
2
Congress does not raise the debt limit before recessing on August 5, 2011
Estimates for daily receipts and payments constructed from publicly available data from Daily Treasury Statements
 
THREE QUESTIONS
3
1.What is the date after which Treasury will not have
sufficient cash to pay ALL of its bills (the “X Date”)?
If we pass the X Date, and Treasury is forced to
"prioritize” its payments to avoid a debt default:
2.What would be the effects on government operations?3.What would be the market risks?

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