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U.S. Could Default on Its Debt Between July and September, C.B.O. Says

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.

Alan Rappeport
Author: Alan Rappeport

Written by

Alan Rappeport

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Congressional Budget Office, Economic Conditions and Trends, National Debt (US), Treasury Department, United States Politics and Government
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