US could run out of cash in March under debt ceiling: CBO

The United States could start missing payments on its obligations some time between March and June if lawmakers don't raise a legal limit on borrowing by early February, congressional analysts said on Wednesday.

The Obama administration was able to bump against the government's debt ceiling for five months this year before it came to the brink of default.

Mr Obama signed into law a bill last month that suspended a US$16.7 trillion cap on the national debt until Feb 7, when it will reset to whatever level the debt has reached.

Absent a decision to raise it again, the Treasury Department has tools to manage its cash a little longer before it starts missing payments.

http://www.businesstimes.com.sg/breaking-news/world/us-could-run-out-cash-march-under-debt-ceiling-cbo-20131121