Federal Debt and the Statutory Limit, March 2025

Congressional Budget Office

No 60887, Reports from Congressional Budget Office

Abstract: The debt limit—commonly called the debt ceiling—is the maximum amount of debt that the Department of the Treasury can issue to the public or to other federal agencies. CBO estimates that if the debt limit remains unchanged, the government’s ability to borrow using established "extraordinary measures" will probably be exhausted in August or September 2025. If the debt limit is not raised or suspended before the extraordinary measures are exhausted, the government will be unable to pay all of its obligations.

JEL-codes: H60 H63 (search for similar items in EconPapers)
Date: 2025-03-26
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