Reported 1 day ago
According to the Bipartisan Policy Center, the US government risks defaulting on its $36.6 trillion debt between mid-July and early October unless Congress raises the borrowing cap. This ongoing brinkmanship has unsettled financial markets and led to downgrades in the government's credit rating. The Congressional Budget Office will soon release its projection for the X-date, when the Treasury can no longer meet its obligations. Lawmakers are urged to act quickly on the debt limit to avoid potential economic ramifications.
Source: YAHOO