Without legislation lifting the debt ceiling, the U.S. government may soon be unable to pay its debts. But for some unexpected reasons, the “X-date” might be on an expedited timeframe.
The Congressional Budget Office had predicted that the X-date would occur between July and September of this year. However, this month, Janet Yellen, the treasury secretary, wrote to House Speaker Kevin McCarthy stating that the treasury anticipated that it wouldn’t be able to continue paying all of the…
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