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U.S. could face default by August if Congress doesn't address debt ceiling, budget office says

The United States is predicted to hit its debt ceiling, the so-called X-date, as early as August without an agreement between lawmakers and the White House, according to the Congressional Budget Office report.
The Treasury has already reached the current debt limit of $36.1 trillion, limiting its ability to borrow under standard procedures, the CBO report states.
Democrats express readiness to collaborate with Republicans to avoid a default while protecting essential programs like Social Security and Medicare.

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sherwood.news

Lean Left

The clock never stops ticking on America’s national debt problem

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West Hawaii Today

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US could run out of cash by May, budget office predicts - West Hawaii Today

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Financial Times

Center

US debt burden to top second world war peak in coming years, CBO says

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Washington Examiner

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CBO warns of ‘fiscal crisis’ as federal debt set to hit record by 2029 - Washington Examiner

The Congressional Budget Office is projecting that federal debt held by the public will climb relentlessly, breaking the country’s record in just a few years. The CBO released a long-term budget outlook on Thursday afternoon. It shows that despite slight improvements since last year, the federal debt is set to soar and force a fiscal reckoning in the coming years. Federal debt held by the public will rise to 107% of GDP in 2029, the congressiona…

3 days ago·Washington, United States

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Firstpost News

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US risks defaulting on debt by August, warns Congressional watchdog

If certain steps are not taken, the United States is at the risk of debt default by August for the first time in history, according to a Congressional watchdog

3 days ago·Mumbai, India

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UPI

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CBO: U.S. could run out of money by August if debt ceiling isn't raised

If Congress does not raise the debt ceiling, the United States is expected to default on its bills in either August or September, the Congressional Budget Office warned.

3 days ago·Washington, United States

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