Bipartisan Policy Center

U.S. Faces ‘Elevated Risk’ of Default in Early June, a New Report Warns

The Bipartisan Policy Center said the government will be operating on “dangerously low” cash reserves after Memorial Day in its estimate of the so-called X-date.

By Alan Rappeport

Bipartisan Policy Center Federal Budget (US) National Debt (US) United States Politics and Government

U.S. Faces ‘Elevated Risk’ of Default in Early June, a New Report Warns

The Bipartisan Policy Center said the government will be operating on “dangerously low” cash reserves after Memorial Day in its estimate of the so-called X-date.

By Alan Rappeport

Biden, Joseph R Jr Bipartisan Policy Center Federal Budget (US) National Debt (US) Treasury Department United States Economy United States Politics and Government

‘There Are No Good Options’: The U.S. Is Running Out of Money

Treasury is running out of cash, leaving little time to resolve a debt ceiling standoff that could result in default.

By Alan Rappeport

Biden, Joseph R Jr Bipartisan Policy Center Federal Budget (US) National Debt (US) Treasury Department United States Politics and Government

U.S. Could Default on Debt as Early as Summer, New Estimate Says

The Bipartisan Policy Center said the nation could run out of cash this summer or early fall if Congress did not raise the debt limit.

By Deborah B. Solomon

mosaec