The Debt Limit and CCC Payments

John Phipps notes that farm program payments made through CCC (Commodity Credit Corporation) could be impacted by failure to raise the debt ceiling. 

That fits with my memory of the old days--our release of deficiency payments would be delayed until Congress got through with the debt limit. Of course, I could be misremembering; it might be the delay was in passing language giving CCC money.  CCC has statutory authority to borrow money from the Treasury for its operations.  So if CCC writes drafts on the Federal Reserve Bank of Kansas City up to its limit, it has to suspend payments until Congress appropriates money to reimburse the Treasury.  Complicated, I know, but that's what happens when you have both lawyers and accountants messing around in your business.