🚨 BREAKING: The U.S. is now less than $1.1 TRILLION away from its legal debt limit.
U.S. national debt has already crossed $40 TRILLION.
The current borrowing limit is $41.1 TRILLION.
That leaves Treasury with a relatively small amount of additional borrowing capacity.
According to Bloomberg, budget experts estimate the Treasury could run out of room to borrow in the second half of 2027.
And Washington is already thinking ahead.
Republicans are reportedly weighing whether to raise the debt limit before a new Congress takes over.
The political calculation?
If Democrats win the midterms, Republicans could try to prevent the debt ceiling from becoming a major point of leverage for the incoming Congress.
The bigger picture is hard to ignore:
$40+ TRILLION in debt.
A $41.1T legal borrowing limit.
And another debt-ceiling fight potentially approaching.
The U.S. debt story is becoming increasingly important for Treasury yields, liquidity, the dollar, stocks and crypto.
Watch this closely.
#Bitcoin #Crypto #USDebt #FederalReserve #Economy
U.S. national debt has already crossed $40 TRILLION.
The current borrowing limit is $41.1 TRILLION.
That leaves Treasury with a relatively small amount of additional borrowing capacity.
According to Bloomberg, budget experts estimate the Treasury could run out of room to borrow in the second half of 2027.
And Washington is already thinking ahead.
Republicans are reportedly weighing whether to raise the debt limit before a new Congress takes over.
The political calculation?
If Democrats win the midterms, Republicans could try to prevent the debt ceiling from becoming a major point of leverage for the incoming Congress.
The bigger picture is hard to ignore:
$40+ TRILLION in debt.
A $41.1T legal borrowing limit.
And another debt-ceiling fight potentially approaching.
The U.S. debt story is becoming increasingly important for Treasury yields, liquidity, the dollar, stocks and crypto.
Watch this closely.
#Bitcoin #Crypto #USDebt #FederalReserve #Economy
