The Treasury Department’s latest statement on the debt limit is in line with the Bipartisan Policy Center’s analysis.
The short-term budget deal passed by Congress today was a positive sign that bipartisanship is possible between President Trump and Democratic leaders.
BPC’s Shai Akabas discusses the debt ceiling and the dangers of not raising it.
New analysis on the debt limit and the options that Treasury faces if policymakers take no action and the government is unable to fully pay its bills.
If the legal limit on federal borrowing is not lifted sometime in early to mid-October, the US might not have enough money to pay all of its bills when they are due.
The exact date when the federal government will be unable to fully pay all of its bills remains uncertain, but it has become clearer that it will be reached sooner rather than later.
Washington, D.C.– The Congressional Budget Office narrowed its debt limit projection to early- to mid-October for when the federal government will run out of sufficient cash to pay its bills in full and on time. That time period is largely in…
Congress did its job in passing an omnibus spending package that funds the federal government through September 30, the end of Fiscal Year 2017.