Nonrival asks:
When will the US next raise, suspend, and/or abolish its debt ceiling?
Closed Jun 3, 2023 06:15PM (2 years ago)
After the contentious fight within the Republican Party to elect a Speaker of the House, there are concerns that a major political fight over the US debt ceiling looms (US News, Guardian, CNN). The public debt ceiling (aka public debt limit) is a statutory limit on how much debt the US government may issue, with limited exceptions (Investopedia - Debt Ceiling, Congressional Research Service). As of 16 December 2021, the ceiling was set to its current level of $31,381,462,788,891.71 (US Treasury). Select "Published Reports" in the "Preview & Download" section, select "Previous" under “Select Report Date," and then set the year to "2022" and month to "Dec." The value will be in footnote 5.
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Note 15 May 2023: Judicial actions or interventions as such would be immaterial to the resolution.
The question closed "Between 1 May 2023 and 31 August 2023" with a closing date of 3 June 2023.
See our FAQ to learn about how we resolve questions and how scores are calculated.
Possible Answer | Correct? | Final Crowd Forecast |
---|---|---|
Before 1 May 2023 | 0% | |
Between 1 May 2023 and 31 August 2023 | 97% | |
Between 1 September 2023 and 31 December 2023 | 2% | |
Not before 1 January 2024 | 1% |
Crowd Forecast Profile
Participation Level | |
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Number of Forecasters | 84 |
Average for questions older than 6 months: 183 | |
Number of Forecasts | 316 |
Average for questions older than 6 months: 533 |
Accuracy | |
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Participants in this question vs. all forecasters | average |