The U.S. could default as soon as July if the debt ceiling standoff isn't resolved, the Congressional Budget Office said
As the U.S. nears the debt ceiling, the Treasury Department has begun deploying so-called extraordinary measures. WSJ’s Jon Hilsenrath explains what those measures are and how they help the country avoid a debt disaster.WASHINGTON—The U.S.
could become unable to pay all of its bills on time sometime between July and September, the nonpartisan Congressional Budget Office estimated, giving lawmakers several months to reach an agreement on lifting the debt limit and avoiding a default.in January. It is now deploying a series of special accounting maneuvers to keep paying the government’s obligations to bondholders, Social Security recipients and others.
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