#Latest news with #federalborrowingBloomberg9 hours agoBusinessBloombergUS May Exhaust Debt-Ceiling Measures in Mid-August, CBO SaysThe US government could run out of enough funds to meet its financial obligations in a timely manner between mid-August and the end of September, the Congressional Budget Office said Monday. The updated estimate from the nonpartisan CBO pushes back the so-called X date by at least two weeks from what it previously projected in March. That potentially gives Congress additional runway to negotiate a deal to increase federal borrowing authority as part of President Donald Trump's tax-cut package.
Bloomberg9 hours agoBusinessBloombergUS May Exhaust Debt-Ceiling Measures in Mid-August, CBO SaysThe US government could run out of enough funds to meet its financial obligations in a timely manner between mid-August and the end of September, the Congressional Budget Office said Monday. The updated estimate from the nonpartisan CBO pushes back the so-called X date by at least two weeks from what it previously projected in March. That potentially gives Congress additional runway to negotiate a deal to increase federal borrowing authority as part of President Donald Trump's tax-cut package.
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