The good news is that debt-limit suspension allowed this to happen lawfully. And the worse news is that the debt-limit suspension expires on March 1 — just 11 days from now. At that point, default could once again loom if Congress and the president get into a wrangle over deficits and debt. Under their plan, the president would review the spending Congress has approved at the beginning of each fiscal year, then propose a new debt limit to cover it. The true congressional accountability comes earlier in the process, of course; if legislators don’t want a higher debt ceiling, they could approve higher taxes or less spending.

Source: Washington Post February 17, 2019 23:26 UTC