This is cute:
The Treasury's ability to borrow will run out in the first half of March if the debt limit isn't raised, the Congressional Budget Office predicted Wednesday. That's earlier than a prior analysis and accounts for the effects of revenue losses from the tax cuts signed by President Donald Trump.
From the CBO:
Because the tax legislation reduced individual income taxes for most taxpayers, the Internal Revenue Service released new income tax withholding tables for employers to use beginning no later than the middle of February 2018. As a result of those changes, CBO now estimates that, starting in February, withheld amounts of individual income taxes will be roughly $10 billion to $15 billion per month less than anticipated before the new law was enacted. Consequently, withheld receipts are expected to be less than the amounts paid in the comparable period last year. In addition, the government ran a deficit of $23 billion in December, and it normally runs a deficit in the second quarter of the fiscal year.
So now the Repubs can fight over raising the debt ceiling earlier than they would have because they passed their wet dream of a tax bill that will screw most of the people in America. Maybe they’ll decide to repeal the tax cuts for all but the richest to avoid this. Ya think?