As of March 12, the US Treasury reported federal debt at $18,114,324,000,000.00 in its daily treasurystatement. This figure is above the statutory debt limit, which was extended by Congress through March 15 this year.
Treasury Secretary Jack Lew told Congress that the limit would be reached on March 16, and he also requested lawmakers raise the debt ceiling “as soon as possible,” in a letter written in early March.
Under current arrangements, the US government can keep running until October using so-calledextraordinary measures, or accounting tricks to keep money flowing into government programs, according to the Congressional Budget Office .... http://rt.com/business
