CBO: US government will no longer be able to pay all obligations in the first two weeks of June – by MSalordFX UnitedStates FiscalPolicy RiskAversion
two weeks of June, the government will no longer be able to pay all of its obligations”. The CBO updated its budget“CBO estimates that if the limit is not raised or suspended, there is a significant risk that the Treasury will run out of funds at some point in the first two weeks of June.”at some point in the first two weeks of June, the government will no longer be able to pay all of its obligations.
this year to 119 percent in 2033—which would be the highest level of U.S debt ever recorded. Debt would continue to grow beyond 2033 if current laws generally remained unchanged.”than CBO estimated in February.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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