$63 Billion left until world implodes

http://blogs.wsj.com/washwire/2011/05/01/headroom-under-the-debt-ceiling-disappearing/

The US Government is spending about $5 billion a day more than it is taking in. This number was from April 28th.

Unspecified “emergency” measures will have to be taken in Congress refuses to allow the Fed to fund the government by buying up the US debt. The most interesting thing may be exactly what those measures might be and what their basis is in the law.