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Debt Ceiling Deadline May Be February 15

By Pat Garofalo

"Debt Ceiling Deadline May Be February 15"

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According to an estimate by the Bipartisan Policy Center, the deadline for Congress to raise the nation’s debt limit — which House Republicans have threatened not to do without policy concessions — could be February 15 (or March 1, at the latest). As CNN Money reported, “there likely would be less revenue coming in than has to be paid out for each of the days between Feb. 15 and March 15. On Feb. 15, for instance, Treasury will take in an estimated $9 billion in revenue but is committed to pay out $52 billion.” President Obama has said that he won’t negotiate with Republicans over the debt limit.

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