US could default on debt as soon as June: analysis ...Middle East

The U.S. could default on the national debt as soon as June if lawmakers and the White House do not strike a deal to raise the federal borrowing limit, according to projections released Wednesday by prominent non-partisan think tank. The Bipartisan Policy Center (BPC), which closely tracked the debt ceiling, issued new projections Wednesday of the "X-Date," the date at which the Treasury Department will exhaust extraordinary measures to avert a federal default BPC warned Wednesday that lawmakers have until anywhere between start of summer and early fall to raise the debt limit or risk a government default – an outcome experts warn could be damaging to the economy. "We think the

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Last updated : 22 February 2023 clock 05:41 PM

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US could default on debt as soon as June: analysis ...Middle East

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