Well,
The govt should just sell some more T-Bills——buyers are still there-—and use the proceeds to pay off the coming due notes..
Voila, can kicked down the road....
No worries....
Both foreign and domestic buyers are demanding higher interest rates to compensate them for what they view as added risk—so new debt is more expensive than the older retiring debt.
It is like when broke people try to get car loans—they have to pay much higher interest rates than folks in decent financial shape.
They can get the loan—but the costs are just very high.