National Debt (US) – Page 19

When Will the U.S. Run Out of Cash? The Answer Is Complicated.

The federal government is essentially living paycheck to paycheck, making the X-date hard to pin down.

By Alan Rappeport

Biden, Joseph R Jr Economic Conditions and Trends Federal Budget (US) Group of Seven Japan National Debt (US) United States Economy United States International Relations United States Politics and Government

For Biden, Debt Limit Crisis Complicates Trip to Asia

Volatility has become the new norm in Washington as the president heads to Japan, where he will reassure world leaders that the debt ceiling showdown will not upend the global economy.

By Peter Baker

Biden, Joseph R Jr Federal Budget (US) McCarthy, Kevin (1965- ) National Debt (US) Treasury Department United States Politics and Government

Debt Ceiling: Yellen Reiterates That U.S. Could Run Out of Cash by June 1

The latest warning to Congress came before another meeting on Tuesday between President Biden and Speaker Kevin McCarthy to resolve the debt ceiling crisis.

By Alan Rappeport

Congressional Budget Office Federal Budget (US) National Debt (US) Treasury Department United States Economy United States Politics and Government

U.S. Faces ‘Significant Risk’ of Running Out of Cash in June, C.B.O. Warns

A default would cause financial distress, economic disruptions and rapid increases in borrowing rates, the nonpartisan Congressional Budget Office said.

By Alan Rappeport