CBO: Treasury to Run Out of Cash in Next 3 Months, Leading to Default or Delay of Payments
Posted By Ali Meyer On June 30, 2017 @ 5:00 am In Issues | No Comments
The Treasury is set to run out of cash in October, which may lead to a default on debt obligations or payment delays for government programs, according to a report from the Congressional Budget Office.
On March 15, 2017, the suspension of the debt limit expired and since then the Treasury has been able to borrow additional funds without violating the debt ceiling.
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