Debt Ceiling Showdown Will Come After Tax Day

ABC News' Dan Arnall reports:

The showdown over the nation’s debt ceiling and lawmakers aligned with the the Tea Party threatening to not approve an increase in the limit won’t come to a head until tax day at the earliest, according to a new estimate from the Treasury Department.

“The Treasury Department now estimates that the United States will reach the debt limit between April 15, 2011 and May 31, 2011. As announced at the February Quarterly Refunding, Treasury will update this projection at the beginning of each month.” The statement can be attributed to Mary Miller, Assistant Secretary for Financial Markets at the U.S. Department of the Treasury.

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