by Peter Schiff, Schiff Gold:

The Treasury added $175B in new debt during November, hitting the debt ceiling of $31.4T. New debt issuance was focused on the short end of the curve with $145B in Treasury Bills issued.

As is typically the case when the debt ceiling is hit, the Treasury starts pulling from Non-Marketable debt to cover additional expenses. They pulled $35B out of Non-Marketable, which is likely just a start. The last two debt ceilings saw Non-Marketable, specifically government employee retirement accounts, fall by over $220B.