Treasury Surpasses Debt Limit On First Day Of Ceiling’s Suspension

Mad government spending is back on.

WSJ reports that the U.S. Treasury quickly surpassed the old debt ceiling as it unwound measures it had used to stay under the legal limit. The daily Treasury statement for Monday, released with the typical one-day lag, shows U.S. debt subject to the statutory limit at $16.435 trillion. That’s over the $16.394 trillion limit that was suspended when President Barack Obama signed new legislation Monday.

And that's how the budget "cutters" roll in D.C.