Loading...
Market
What will be the impact of debt ceiling negotiations on U.S. credit rating by December 31, 2025?
3
Resolution / Starting Odds
Credit rating downgraded • 25%
Credit rating unchanged • 25%
Credit rating upgraded • 25%
Other • 25%
Reports from major credit rating agencies (e.g., Moody's, S&P, Fitch)
Story
Yellen: U.S. to Hit Debt Limit Jan 14-23, Will Need Extraordinary Measures
Dec 27, 2024, 10:29 PM
US Treasury Secretary Janet Yellen, in a letter to Congress, has warned that the United States is likely to reach its new debt limit between January 14 and January 23, 2025. When the current debt limit suspension expires on January 2, 2025, the new limit will be set based on the amount of outstanding debt as of January 1. While the Treasury does not expect it will be necessary to start taking extraordinary measures on January 2, it will need to begin these special accounting maneuvers when the new limit is reached in mid-January to prevent a default. Yellen, who is due to leave her post soon, urged Congress to protect the full faith and credit of the United States by raising or suspending the debt ceiling. Analysts project that the Treasury could exhaust these extraordinary measures by July or August, emphasizing the urgency for legislative action.
View original story
Similar markets
Credit rating upgraded • 25%
No change or report by deadline • 25%
Credit rating downgraded • 25%
Credit rating remains stable • 25%
Debt ceiling increased • 25%
Temporary extension • 25%
No resolution • 25%
Debt ceiling remains unchanged • 25%
Abolished • 25%
Suspended • 25%
Increased • 25%
Unchanged • 25%
Other outcome • 25%
Debt ceiling unchanged • 25%
Debt ceiling raised • 25%
Debt ceiling abolished • 25%
Extended to 2029 • 25%
No change • 25%
Extended with a different date • 25%
Abolished • 25%
Extended • 25%
Other • 25%
Unchanged • 25%
Abolished • 25%
Debt ceiling raised • 25%
Debt ceiling suspended • 25%
Extraordinary measures initiated without raising/suspending • 25%
Other outcomes • 25%
Other legislative solution • 25%
Debt ceiling abolished • 25%
Debt ceiling unchanged • 25%
Debt ceiling extended • 25%
Debt limit suspended • 25%
Extraordinary measures implemented • 25%
Debt limit raised • 25%
Default on debt • 25%
Compromise with new conditions • 25%
Temporary extension • 25%
Permanent abolition • 25%
Unresolved • 25%
Both support abolition • 25%
Democrats support, Republicans oppose • 25%
Republicans support, Democrats oppose • 25%
Both oppose abolition • 25%