On March 15, 2017, the suspension of the debt limit expired and since then the Treasury has been able to borrow additional funds without violating the debt ceiling.
But, “the Congressional Budget Office projects that if the debt limit remains unchanged, those measures will be exhausted and the Treasury will most likely run out of cash in early to mid-October,” the report states.–Congressional Budget Office
I fully expect the U.S. to ultimately default on its debts directly or through a de facto default of inflating its debts away through money printing. I make no predictions of the exact timing, only that it is a certainty to happen. This will redistribute the default upon the backs of the “useless eaters” through the stealth tax of inflation. The lemmings must always bear the costs. I expect to see the greatest transfer of wealth in U.S. financial history from the paper pushers to people with tangible assets.