Bipartisan Policy Center

U.S. Could Run Out of Cash by July, Analysis Finds

The Bipartisan Policy Center estimates that the so-called X-date could fall between mid-July and early October if Congress does not lift or suspend the nation’s debt limit.

By Alan Rappeport

Bipartisan Policy Center Committee for a Responsible Federal Budget Congressional Budget Office Federal Budget (US) Government Accountability Office Law and Legislation Musk, Elon National Debt (US) Office of Management and Budget (US) Ramaswamy, Vivek (1985- ) United States Politics and Government

Spending Fight Shows Limits of Trump Power to Change Fiscal Path

Efforts to cut government spending and eliminate waste are dwarfed by the rising costs of the social safety net programs and interest expenses.

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

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