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Get ready again for some wild fluctuations in the U.S. Treasury bill market. On March 16, the statutory limit on the nation’s debt, better known as the debt ceiling, will be reinstated.

Here’s a guide for what to watch for as the Treasury Department begins to resort to “extraordinary measures” in the coming days to continue to fund the government while meeting a legal requirement to limit the nation’s cash balance.

How Did We Get Here?

As part of a deal struck to avoid a default during a November 2015 political showdown, the Treasury will have to slice its operating balance to $23 billion by next week. That’s the amount when the compromise was reached by Congress in 2015 to avoid making the debt ceiling an issue again during the presidential election. Officials have already cut the cash by more than $200 billion since Feb. 10.

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