A new Bipartisan Policy Center (BPC) analysis estimates that the Treasury will run out of cash and be unable to meet all financial obligations between Nov. 10 and Nov. 19.
This estimate by BPC’s Economic Policy Project is what has been called the “X-date,” which is the day that Treasury will not have enough incoming receipts to make all payments in full and on time. That would affect a variety of statutory distributions, such as Social Security payments, as well as payments owed to contractors, members of the armed services, and others.
October 7, 2015: Treasury Will Hit “X-date” for Paying Debt Nov. 10-19
October 2, 2015: Treasury Could Run Out of Cash Mid- To Late-November
September 11, 2015: Lew Letter on Debt Limit in Line with CBO, BPC Projections
September 2, 2015: Latest Monthly Treasury Data Doesn’t Change BPC Debt Limit Projection
August 25, 2015: CBO Debt Limit Projection Consistent with BPC’s Analysis
July 10, 2015: Debt Limit Brinkmanship Threatens Markets
Extraordinary Measures 101
Updated March 13, 2015: Extraordinary Measures, Simplified
March 3, 2015: Debt Limit Update: X Date Most Likely in 4Q of 2015
January 9: Extraordinary Measures, Simplified
December 19, 2013: Late Start to Tax Filing Season Affects X Date
November 21: Thoughts on CBO’s New Debt Limit Report
November 21: Debt Limit Suspension: Frequently Asked Questions
September 25: Debt Limit Update: No Change to BPC X Date Projection
September 10: BPC’s Debt Limit Projection: Key Takeaways
January 30: When Will the Next Debt Limit X Date Be?
- What Is a Government Default on its Debt?
- Platinum Coins and IOUs: Missing the Point
- Debt Limit Analysis Update
- BPC’s Debt Limit Projection: Key Takeaways
- Will the Delay in the Tax Filing Season Affect the X Date?