Home » Business » “US Congressional Budget Office warns of looming default risk in June due to debt ceiling”

“US Congressional Budget Office warns of looming default risk in June due to debt ceiling”

The US Congressional Budget Office (CBO) warned on Wednesday that it faces a “significant risk” of default as early as early June if the federal debt ceiling is not raised. FILE PHOTO: April 6, 2023. REUTERS/Elizabeth Frantz

[ワシントン 12日 ロイター] – The US Congressional Budget Office (CBO) warned on Thursday that it faces a “significant risk” of default as early as early June if the federal debt ceiling is not raised.

The estimate closely coincides with the June 1 deadline that Treasury Secretary Yellen said could default, underscoring the urgency of resolving the bitter rivalry between Democrats and Republicans over raising the cap. are doing.

On the other hand, if the cash on hand and special measures are sufficient to meet the June 15 tax deadline, it will “probably” be able to cover the government’s payment obligations through at least the end of July, potentially extending the deadline for negotiations. I thought there was also a sexuality. “Even if the Treasury Department eventually runs out of money in early June, we won’t know until May how much the government will be able to fund ongoing operations,” it said.

Talks between President Biden and congressional leaders, including Republican House Speaker McCarthy, on the debt ceiling, scheduled for Wednesday, were postponed to early next week. “There hasn’t been enough progress at the top to renegotiate,” McCarthy said.

2023-05-12 15:36:00
#U.S #faces #significant #risk #default #early #June #Congressional #Budget #Office

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.