Tim Geithner said today, that the Treasury runs out of money on December 31st. That day we cross the $16.4 trillion debt limit.
Extraordinary measures can be expended to provide a stopgap… The Federal Treasury can raise $200 billion as a stopgap which provides 2 months leeway…
We were here once before, and learned nothing.
This crises is caused by a holdout band of renegade Republicans who for better or worse are out to destroy the United States of America.
There is no other scenario.