The federal government has $972 billion of borrowing capacity remaining under the statutory debt limit as of October 14, 2026. The current limit of $41.104 trillion was established by a $5 trillion increase enacted in July 2025. Analysts project the limit will bind between late winter and mid-summer 2027, creating a potential default deadline for the newly elected 120th Congress. Treasury officials estimate that extraordinary measures could delay the X date until late 2027 or early 2028.
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