As tension continues to mount on Capitol Hill, Treasury Secretary Steven Mnuchin warned several Congressional leaders on Wednesday that America would face the debt ceiling this week.

“As you know, the Bipartisan Budget Act of 2015 suspended the statutory debt limit through Wednesday, March 15, 2017. Beginning on Thursday, March 16, 2017, the outstanding debt of the United States will be at the statutory limit,” Mnuchin wrote. “At that time, Treasury anticipates that it will need to start taking certain extraordinary measures in order to temporarily prevent the United States from defaulting on its obligations.”