Loading...
Market
What will be the outcome of the U.S. debt ceiling negotiations by June 30, 2025?
2
Resolution / Starting Odds
Debt ceiling raised • 25%
Debt ceiling suspended • 25%
No resolution, extraordinary measures continue • 25%
Other • 25%
Official announcements from the U.S. Congress and Treasury
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
Other • 25%
Abolished • 25%
Extended • 25%
Unchanged • 25%
Debt ceiling unchanged • 25%
Other legislative solution • 25%
Debt ceiling extended • 25%
Debt ceiling abolished • 25%
Extended with a different date • 25%
Abolished • 25%
No change • 25%
Extended to 2029 • 25%
Debt ceiling raised • 25%
Debt ceiling unchanged • 25%
Other outcome • 25%
Debt ceiling abolished • 25%
Other outcomes • 25%
Debt ceiling raised • 25%
Debt ceiling suspended • 25%
Extraordinary measures initiated without raising/suspending • 25%
Unchanged • 25%
Abolished • 25%
Suspended • 25%
Increased • 25%
Debt ceiling remains unchanged • 25%
Debt ceiling increased • 25%
Temporary extension • 25%
No resolution • 25%
Debt limit raised • 25%
Extraordinary measures implemented • 25%
Default on debt • 25%
Debt limit suspended • 25%
Compromise with new conditions • 25%
Unresolved • 25%
Permanent abolition • 25%
Temporary extension • 25%
Raised with cuts • 25%
Raised without cuts • 25%
Not raised • 25%
Other outcome • 25%
Bill passes with debt ceiling measures • 25%
Bill passes without debt ceiling measures • 25%
Bill fails • 25%
Alternative bill passed • 25%