T-Bill ladder vs Debt Ceiling

[nwagers]

With the apocalypse coming today, I started to wonder how my T-Bill ladder is going to be processed. I have it set up directly with TreasuryDirect as a ladder with 4 week bills. Does anyone know what will happen if (when) we hit the debt ceiling? Will it just cancel the ladder and hold it in CofI? Will they continue to process as normal?

Thanks

[Gumby]

TDs reinvestment FAQ says:

Note: If there is no security available for reinvestment with an issue date that coincides with the maturity date, type, and term of the maturing security, the scheduled reinvestment will be canceled and the proceeds of the maturing security will be deposited to the maturity payment destination you previously selected.

Source: http://www.treasurydirect.gov/indiv/hel ... rnMore.htm

For more information, see: http://www.treasurydirect.gov/indiv/hel ... rnMore.htm