Relevant:
- Treasury Auctions To Take US Over Debt Ceiling On Monday
- Gross US Debt Surges By $240 Billion Overnight, US Debt To GDP Hits Post World War II High 97.2%, Official Debt Ceiling Increase Only $400 Billion | ZeroHedge
- Treasury Official: US Probably Won't Have to Raise Debt Ceiling This Year
- Obama to ask for debt limit hike: Treasury official
- Lew: U.S. will hit debt limit mid-October
2011-05-16 — zerohedge.com
``It's official: the US credit card has officially been maxed out, just as we predicted on Wednesday, and througout Q1 and Q2. The United States is expected to reach the legal limit on its debt later on Monday and will start dipping into federal retirement funds to give the country more room to borrow, a Treasury official said.''
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