U.S. will hit debt limit in October or November This Fall will be time to “Pay the Piper” for the United States! That’s because the US Treasury Department will exhaust its capacity to borrow in October or November if the debt limit isn’t raised, which i’m pretty sure will be raised, after all what’s the limit right?  The non-partisan CBO had previously estimated that “extraordinary measures” Treasury could use to continue borrowing would last until September or October.Read CBO’s latest estimate. The debt limit is suspended until March 15. After that date, so-called extraordinary measures available to the Treasury to keep borrowing include deferring new investments in federal retirement and disability funds. FULL REPORT