First published by Money Metals here:
https://www.moneymetals.com/news/2019/03/11/fed-borrowing-crosses-rubicon-001732
A year ago, Republicans in control of Congress suspended the cap on federal borrowing. The limit was automatically re-imposed on March 1st. Politicians now have a few months to hammer out legislation to raise the cap as the Treasury employs “extraordinary measures” to fend off default. The federal deficit is mushrooming once again.
