For all the concern over when the government might run out of money to cover all its bills, it turns out that no one can be absolutely sure exactly when
For all the concern over just when the government might run short of money to pay its bills, it turns out that no one, not even the U.S. treasury secretary, can be absolutely sure exactly when the country faces a potential default - what officials are calling the “X-date.”
For weeks, Treasury Secretary Janet Yellen has been consistently telling lawmakers to act soon because the X-date, when the US could default, could occur as soon as June 1. Now, with June 1 days away, everyone is hoping for a reprieve and that the X-date will slip.
WASHINGTON — For all the concern over just when the government might run short of money to pay its bills, it turns out that no one can be absolutely sure exactly when the country will default — what officials are calling the “X-date” — if there’s no deal to raise
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Why it's difficult to pinpoint the 'X-date' when US would default | Since Then