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

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The federal government is on track to default on the national debt as soon next month, according to an analysis released Tuesday by a prominent nonpartisan think tank. The Bipartisan Policy Center (BPC) warned in a Tuesday report that the U.S. government could run out of cash by early June, in line with earlier estimates from the Treasury Department and Congressional Budget Office. The so-called “X Date”— when the Treasury Department runs out of ways to keep the U.S. current on its debt — could fall anywhere between early June and early August, BPC warned. The BPC, which closely tracks the debt ceiling, previously forecasted in February that it was more likely Congress had anywhe

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Last updated : 09 May 2023 clock 12:12 PM

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

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