Treasury takes final actions to avoid hitting debt ceiling.

The government has started to implement the final extraordinary measures that will enable the U.S. to avoid breaching the country's $16.7T borrowing cap. The government has until October 17 before those measures are exhausted, at which point it will have just $30B left, well below net expenditures on certain days. As indicated above, the prospects of Congress agreeing on a deal to raise the ceiling aren't looking particularly good at the moment.