Spring 2018 Likely for Next Debt Vote but Election Season Possible

Fri, September 08, 2017

Bloomberg Government

Crandall is a veteran debt limit watcher and analyzes federal cash flows to help predict Treasury borrowing policy in the massive market for Treasury debt securities. He said his most likely forecast still calls for Treasury to run out of borrowing room in late March or early April, but getting to mid-April—and the flood of incoming individual and corporate receipts that accompany that—is not out of the realm of possibility.

“There is a small but real chance that extraordinary measures might meet the Treasury's needs through the April 15 tax date. If that happens, the debt ceiling debate could stretch all the way to August or even September,” Lou Crandall, chief economist with analytical firm Wrightson ICAP, told Bloomberg BNA.

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