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IPFS News Link • Government Debt & Financing

Democrats Unveil Stopgap Funding Bill, Debt Ceiling Suspension...

• Zero Hedge

Moments ago House Democrats released the text of a long-awaited stopgap bill (link) that would suspend the U.S. debt ceiling until after the 2022 congressional elections and temporarily fund the government to avert a shutdown after the end of this month. Dems also set up a Tuesday vote on a bill which according to Goldman analysts will set the US on "collision course" to a shutdown as soon as Oct 1.

The proposed debt ceiling suspension - to Dec. 16, 2022 - is needed because the "drop dead date" when the Treasury runs out of accounting measures to stave off a payment default sometime in October...


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