I understand it's up to congress to pass a budget which they may or may not do, but congress must act when the treasury secretary gives congress notice there are no more funds in the treasury. Congess must then vote for the debt ceiling to be raised allowing the treasury to sell bonds there upon giving the fed the opportunity to buy them albeit with printed money, correct? But if congress does not vote to raise the debt ceiling the government shuts down which is what almost happened in the fall of 2011. In that event does the fed have any power or authority to continue printing money to fund the federal government? I'm trying to understand the scenario of what might happen if when we go over the cliff and revenue is increased and it is offset by slower growth and another budget battle occurs with no agreement. Is US bankruptcy a reality or will the Fed be able to avert it?