US could default this summer unless $31.4tn debt ceiling is raised, CBO warns
2023-02-16
[ad_1] The Congressional Budget Office (CBO) on Wednesday said the US treasury department will exhaust its ability to pay all its bills sometime between July and September, unless the current $31.4tn cap on borrowing is raised or suspended. In a report issued alongside its annual budget outlook, the non-partisan CBOContinue Reading