Janet Yellen says Treasury Department will need to take 'extraordinary measures' to avoid debt ceiling next month

[BumRushDaShow]

6. It was known for well over a year

that the "debt ceiling" would (could) be hit as early as January 1, 2025 (which was around how long it was suspended to by law).

But then "the media" started the narrative - "well not until the summer" and ran with that through the fall for some reason.

I expect that was because they do have processes where there may be money set aside (but not yet obligated) that could be reworked, among other things, that lets the government continue until some "drop dead date".