The Bipartisan Policy Center (BPC) has revealed that the U.S. Government could drain its ability to meet its entire financial obligation by February 15. The treasury department is expected to take “extraordinary measures” between the time period of February 15 to March 1, concerning U.S. debt limits. Most importantly, delay in reinvestment of certain government funds is believed to provide around dollar 200 billion to the government as a maneuvering space.

The analysts from BPC are in-fact fearing that in later two weeks of the period sought for measures, the government actually to be exhausted and would be forced to go for either of the bills for payment, eventually. Despite the window period believed to provide some relief, as the bills are due during the window period, i.e., from February 15 to March 1, the window in not expected to be extended beyond this time period.

According to the fiscal policy analysts and experts from BPC, delaying tax refunds, an unpopular financial execution, could provide some playing room for the government amidst sought debt-ceiling of mid February. As U.S Internal Revenue Service is projected to supply around dollar 86 billion as tax refunds between the period of February 15 to March 15, this measure is believed, to provide some maneuvering room to the government.

Market analysts and economists are having serious concerns regarding U.S governments’ default on its obligations and consequent unpredictable and uncontrollable volatility in global financial markets and economies. Addressing the issue, Steve Bell, a former Senate Republican, a member of the council at present, highlighted that the President of the U.S. could exercise his executive powers to avoid such outcomes. Further, concerning exercising executive powers, the authorities and administration official have said that “they lack constitutional authority” to exercise such authorities.

At this point of time, we could only presume that the U.S. government to come up with strong “extraordinary measures” to actually protect the entire global financial system, feared from the dreadful consequences of U.S debt-ceiling.