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The effort, intended at least in part to head off demands from protesters, requires that the monetary fund and the World Bank ease some conditions they have imposed on debt relief in the past.
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And another deadline is looming: the Treasury has warned that it may reach the ceiling Congress has imposed on government debt as early as April 15th.
The European Central Bank has ruled out lifting the ceiling it has imposed on Greek debt issuance, which would be required by Mr Tsipras's original plan to issue €10 billion in new treasury bills; it sees this as tantamount to monetary financing.
The controls imposed on inflation, public debt and public deficit, together with exchange rate stability and convergence of interest rates, all contributed to reducing the rate of interest paid by the treasury.
He opposed Mr Obama's stimulus, his health-care reforms and his three recent requests to raise the limit Congress imposes on public debt.
It attempts to unpick the deal sealed last year by the president, the House and the Senate to raise the limit Congress imposes on government debt in exchange for spending cuts.
The commitment would mean easing the conditions usually imposed on countries that want debt forgiven, international financial officials said.
But the borrowing and debt imposed on future generations will not be very different, at least if the numbers in the Obama administration's own budget document can be trusted.
Unlike in Greece, losses have not been imposed on holders of Greek government debt although it is not yet clear what the impact will be on holders of bonds issued by Spanish banks.
Despite the grinding burden of debt being imposed on a new generation of students, there's also an understanding that, in intellectual terms, the other side has simply lost the battle.
The £42m debt was imposed on the former Westminster council leader after she was found guilty of selling 500 homes a year in the 1980s to bring Conservative voters into marginal wards.
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CEO of Professional Science Editing for Scientists @ prosciediting.com