Treasury Could Run Out of Cash in October or November Unless Debt Ceiling Is Lifted, CBO Says

- Advertisement -

The U.S. Treasury Department building in Washington, D.C.



Photo:

Stefani Reynolds/Bloomberg News

WASHINGTON—The federal government will most likely run out of cash to pay its bills in October or November unless Congress increases or suspends the federal borrowing limit, the Congressional Budget Office said Wednesday.

(More to come.)

Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Latest news

Australian Olympic track team isolating after U.S. athlete tests positive for COVID-19 – National

American double world champion pole vaulter Sam Kendricks and German Chiaraviglio of Argentina have been ruled out of the Olympics after testing positive for...

Credit Suisse Report Pins Archegos Disaster on ‘Fundamental Failure of Management and Controls’

Credit Suisse Group AG said top employees failed to act on numerous warning...

Ever Given, the Ship That Blocked the Suez, Makes It to Port

ROTTERDAM, Netherlands—The Ever Given, the container ship that blocked the Suez Canal for days and...

China Moves to Reassure Global Banks and Investors After Market Rout

SINGAPORE—China moved to contain the fallout from a regulatory assault on technology companies that has...
Related news

Australian Olympic track team isolating after U.S. athlete tests positive for COVID-19 – National

American double world champion pole vaulter Sam Kendricks and German Chiaraviglio of Argentina have been ruled out of the Olympics after testing positive for...

Credit Suisse Report Pins Archegos Disaster on ‘Fundamental Failure of Management and Controls’

Credit Suisse Group AG said top employees failed to act on numerous warning...

Ever Given, the Ship That Blocked the Suez, Makes It to Port

ROTTERDAM, Netherlands—The Ever Given, the container ship that blocked the Suez Canal for days and...

China Moves to Reassure Global Banks and Investors After Market Rout

SINGAPORE—China moved to contain the fallout from a regulatory assault on technology companies that has...

LEAVE A REPLY

Please enter your comment!
Please enter your name here