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US May Exhaust Debt-Ceiling Measures in Mid-August, CBO Says
The US government could run out of enough funds to meet its financial obligations in a timely manner between mid-August and the end of September, the Congressional Budget Office said Monday. The updated estimate from the nonpartisan CBO pushes back the so-called X date by at least two weeks from what it previously projected in March. That potentially gives Congress additional runway to negotiate a deal to increase federal borrowing authority as part of President Donald Trump’s tax-cut package. The debt limit kicked back in at the start of the year, since when the Treasury has been using special accounting maneuvers ... (full story)
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- Jun 10, 2025 1:22am Posted byFundamental Analysis4,244
