The federal government will run out of cash between July and September of this year, the Congressional Budget Office predicted. That could put the apex of the debt limit standoff right in the middle of lawmakers’ August recess.
The federal government will officially run out of cash between July and September of this year, the Congressional Budget Office predicted Wednesday — which could put the apex of the debt limit standoff right in the middle of lawmakers’ August recess.
Once tax payments roll in come April, forecasters will be able to narrow the debt-limit time frame even further.have made little outward progress on negotiations during the first month of the Republican-controlled House, despite already meeting. The GOP leader is still demanding huge spending cuts in exchange for lifting the borrowing limit, while the president has refused to use the debt ceiling as a bargaining chip.
Further complicating matters, Republicans aren’t even in agreement on where they want cuts. Some are pushing for limits on discretionary spending similar to the restraints Congress imposed more than a decade ago, when the GOP faced off with the Obama administration over the debt ceiling. But Republicans remain divided on other questions, such as whether to slash the Pentagon’s budget.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
U.S. deficits are set to surge over next decade, Congressional Budget Office saysThe U.S. budget deficit is on track to surge over the coming decade, the Congressional Budget Office said, with cumulative deficits of $18.8 trillion — nearly 20% higher than the agency projected last May.
Consulte Mais informação »
CBO projects higher unemployment, slow exit from inflationThe Congressional Budget Office says it expects the U.S. economy to stagnate this year
Consulte Mais informação »
The U.S. could run out of cash to pay its bills between July and SeptemberIf Congress fails to raise the nation's $31.4 trillion debt ceiling, the U.S. government could run out of cash between July and September, or even sooner, the Congressional Budget Office said.
Consulte Mais informação »
Congressional Hispanic Caucus decides to keep newly elected chair after staff exodusThe Congressional Hispanic Caucus Monday decided to retain its present chair, Rep. Nanette Barragan, despite turmoil over staff departures in recent days.
Consulte Mais informação »
Former GOP congressional candidate locked out of Twitter for gender spectrum meme: 'This is like 1984'Former Republican congressional candidate Mario Fratto said he was locked out of his Twitter account after he posted a meme suggesting that there are only two genders.
Consulte Mais informação »
Here are the congressional winners and losers of Super Bowl SundaySeveral lawmakers placed their bets on their team to win the Super Bowl, with Democrat Rep. Emanuel Cleaver of Missouri making out with a haul of several cheesesteaks.
Consulte Mais informação »