All the big deadlines facing Congress this holiday season

Also sometime in December, the Treasury Department could run out of money to pay its debts if Congress doesn’t pass a law suspending the debt ceiling. (There’s a law that says that every time the Treasury Department runs up against the debt ceiling, it must come to Congress and ask to raise it.) If Congress can’t get this done in time, the United States could default on its debts, causing economic catastrophe.

Source: WP