A new estimate finds the U.S. could face an unprecedented default on its obligations as soon as early June if Congress does not act to lift the debt limit. The
By Tami Luhby, CNN The US will likely start to default on its obligations over the summer or in the early fall if Congress doesn’t address the debt ceiling before then, according to a new analysis released Wednesday. The timing should become clearer after the 2022 tax revenues come in this spring.
The projection from the Bipartisan Policy Center says the U.S. will reach its statutory debt limit as soon as the summer or early fall of 2023 if Congress doesn't raise the borrowing ceiling.
WASHINGTON — A bipartisan think tank expects that the United States will default on its debt in the summer or early fall, if Congress doesn’t take action to address the
