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CBO: Debt limit 'X-date' likely not until mid-August at earliest
3 Articles
3 Articles
CBO: Debt limit 'X-date' likely not until mid-August at earliest
The Congressional Budget Office on Monday extended its estimate of when the debt limit must be raised, stretching its predicted “X-date” range to begin in mid-August and run through the end of September. That’s when the agency estimates the “extraordinary measures” as well as reductions of the Treasury Department’s emergency cash buffer that are currently being used to allow continued borrowing will be exhausted. The CBO in March estimated the T…
Congressional Budget Office: Debt limit 'X-date' likely not until mid-August at earliest
WASHINGTON — The Congressional Budget Office on Monday extended its estimate of when the debt limit must be raised, stretching its predicted “X-date” range to begin in mid-August and run through the end of September. That’s when the ...
The liquidity of the U.S. government and its ability to meet its financial obligations could be exhausted by mid-August this year, when the national debt reaches the debt ceiling, as warned Monday by the Congressional Budget Office (CBO), a non-partisan entity. This estimate, which foresees a spending crisis two weeks later than originally anticipated, was published hours after Treasury Secretary Scott Bessent gave the alarm voice about the U.S.…
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