U.S. Faces ‘Significant Risk’ of Running Out of Cash in June, Budget Office Warns
A default would cause financial distress, economic disruptions and rapid increases in borrowing rates, the nonpartisan Congressional Budget Office said. [Source]
Publication Date:Origin: nytimes.com
Category: Federal Budget (US)
Topics: Office, Budget, Congressional, nonpartisan, rates, borrowing, increases, rapid, disruptions, economic, distress, financial, cause, would, default, Warns, Running, Risk’, ‘Significant, Faces
Source: https://www.nytimes.com/2023/05/12/us/politics/debt-ceiling-x-date.html