The Stock Market Is on a Tear. Don’t Ignore the Debt Ceiling.

It’s all the time fun until the bill comes due—and the bill all the time comes due. Actually, it’s coming due right about now.

On Friday, Treasury Secretary Janet Yellen warned Congress that the U.S. would hit its debt ceiling this coming Thursday, sooner than many had expected. That doesn’t mean the federal government shall be forced to stop paying its bills then—Yellen believes that the Treasury has enough money and other ways to boost money to last it until early June—however it does mean that a difficulty that was still purely theoretical has grow to be way more pressing because the X date approaches.

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