WASHINGTON (AP) — The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money to pay its bills_ as early as August without a deal between lawmakers and the White House, according to a Congressional Budget Office report Wednesday. By that time, the […]
The CBO projects the U.S. could run out of money to pay its bills as early as August if a debt limit deal isn't reached between lawmakers and the White House. Without an agreement to raise or suspend the debt limit, the U.S. risks defaulting, potentially leading to significant economic consequences and disruptions in government payments and services. The debt limit, recently reinstated at $36.1 trillion, leaves the Treasury with no borrowing room.
