Home Economy Time to worry about the debt limit … again.

Time to worry about the debt limit … again.

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Time to worry about the debt limit again — The federal government runs out of borrowing room under the debt limit on July 31. After that, the Treasury Department will have “extraordinary measures” at its disposal to avoid catastrophic default for a couple of months. Theoretically, Democrats should be able to get a debt limit hike included with a bipartisan infrastructure bill or unilaterally through the budget reconciliation process.

But right now neither of those paths seem at all clear. And Congress is only around for a few weeks before the August recess. And the big problem is that the “X date” by which Treasury will…

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