On March 2, 2019, the debt limit was reinstated at $22 trillion.
To operate the government at the debt limit, the Treasury Department once again deployed so-called “extraordinary measures,” accounting maneuvers that allow for full government operations to continue for an additional, but limited, period of time.
If those extraordinary measures run out and Treasury depletes its cash reserves, the federal government would reach the “X Date” – the unprecedented day on which the U.S. government is unable to meet all its obligations in full and on time.
BPC’s latest analysis indicates a risk that the “X Date” could arrive in the first half of September 2019, although October remains the most likely scenario.
For many years, BPC experts have been leading voices in debt limit analysis. Review our previous projections, analyses, and reports.
September 5: Harvey Raises Stakes on Debt Limit Debate
August 31: The Debt Limit Through the Years
August 24: 2017 Debt Limit Analysis
February 7: Recent History of the Debt Limit
September 13: Debt Limit Brinksmanship Threatens to Return Next Year
U.S. Government Accountability Office: Market Response to Recent Impasses Underscores Need to Consider Alternative Approaches
January 9: Extraordinary Measures, Simplified
December 19: Late Start to Tax Filing Season Affects X Date
November 21: Thoughts on CBO’s New Debt Limit Report
November 21: Debt Limit Suspension: Frequently Asked Questions
September 25: Debt Limit Update: No Change to BPC X Date Projection
September 10: BPC’s Debt Limit Projection: Key Takeaways
January 30: When Will the Next Debt Limit X Date Be?
January 24: Fiscal Timeline Under Passage of H.R. 325
January 16: What Is a Government Default on its Debt?
January 16: Platinum Coins and IOUs: Missing the Point
January 16: Debt Limit Analysis Update
January 11: BPC’s Debt Limit Projection: Key Takeaways