The nonpartisan budget office also said that if tax receipts fall short of projections, and Congress fails to act on the debt limit, the U.S. could run out of cash before July.
Category: Congressional Budget Office
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U.S. Could Default on Its Debt Between July and September, C.B.O. Says
The New York Times – Business: -
Appeals Court Blocks Biden’s Student Debt Cancellation Plan
The New York Times – Business:The decision comes days after the government temporarily stopped accepting applications for the debt relief because of legal challenges.
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Biden Opens Applications for Student Debt Cancellation
The New York Times – Business:The government hopes to help tens of millions of borrowers before federal student loan payments are due again in January.