We are referring first to the CBO's warning that Uncle Sam will run out of cash by early March if the debt ceiling is not raised sharply.

That warning was coupled, in turn, with the Treasury Department's estimate that it will need to sell the staggering sum of $617 billion in new debt during the next five months. And, by the way, that short interval happens to include Q2 when the great annual fleecing of taxpayers causes a bulge in collections.

Finally, the Fed's post-meeting statement assured that all is awesome with respect to the main street economy:

Information received since the Federal Open Market Committee met in December indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Gains in employment, household spending, and business fixed investment have been solid, and the unemployment rate has stayed low.