Loading...
Market
What will be the outcome of political negotiations on the debt ceiling by April 30, 2025?
2
Resolution / Starting Odds
Bipartisan agreement reached • 25%
Partisan agreement with concessions • 25%
No agreement reached • 25%
Other • 25%
Statements or agreements announced by U.S. political leaders or Congress
Story
U.S. Treasury to Implement Extraordinary Measures on January 21 to Avoid $36 Trillion Debt Ceiling Breach
Jan 17, 2025, 11:16 PM
U.S. Treasury Secretary Janet Yellen has announced that the Treasury Department will implement 'extraordinary measures' starting January 21 to prevent the government from breaching the statutory debt ceiling. This action will be taken the day after President-elect Donald Trump's inauguration. Yellen communicated this decision in a letter to congressional leaders, highlighting the uncertainty regarding how long these measures can be sustained due to challenges in forecasting future government payments and receipts. The measures include suspending investments into the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund, which will be reimbursed once Congress raises or suspends the debt limit. Yellen urged Congress to act promptly to protect the full faith and credit of the United States, as the current federal debt stands at approximately $36 trillion.
View original story
Similar markets
Debt ceiling raised • 25%
No resolution reached • 25%
Other legislative action • 25%
Debt ceiling suspended • 25%
Debt ceiling raised • 33%
Debt ceiling not addressed • 34%
Temporary suspension of debt ceiling • 33%
No action taken • 25%
No resolution, extraordinary measures continue • 25%
Debt ceiling suspended • 25%
Debt ceiling raised • 25%
Other • 25%
Extended with a different date • 25%
Extended to 2029 • 25%
Abolished • 25%
No change • 25%
Debt ceiling abolished • 25%
Debt ceiling raised • 25%
Debt ceiling unchanged • 25%
Other outcome • 25%
U.S. defaults • 25%
Debt ceiling suspended • 25%
Extraordinary measures extended • 25%
Debt ceiling raised • 25%
Debt ceiling increased • 25%
Temporary extension • 25%
No resolution • 25%
Debt ceiling remains unchanged • 25%
Increased • 25%
Abolished • 25%
Unchanged • 25%
Suspended • 25%
Unchanged • 25%
Abolished • 25%
Extended • 25%
Other • 25%
Extraordinary measures initiated without raising/suspending • 25%
Other outcomes • 25%
Debt ceiling raised • 25%
Debt ceiling suspended • 25%
Debt ceiling suspended • 25%
Debt ceiling increased • 25%
U.S. defaults • 25%
Debt ceiling unchanged • 25%
Other legislative solution • 25%
Debt ceiling extended • 25%
Debt ceiling abolished • 25%
Debt ceiling unchanged • 25%