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Debt Limit Analysis

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.

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2019 Debt Limit Projections

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Explaining the Debt Limit


For many years, BPC experts have been leading voices in debt limit analysis. Review our previous projections, analyses, and reports.