Congress faces a deadline likely between mid-July and early October to raise or suspend the debt limit, a broad range resulting from uncertainty over spending, tariffs, and the US economy, a think tank said today.
The Bipartisan Policy Center published the “X date” projection in a Monday morning report, warning that “no one—not even the Treasury secretary—can know precisely when” the United States will hit its borrowing limit.
Treasury officials have been using “extraordinary measures” since January to delay the deadline for congressional action. Failure to lift or suspend the debt ceiling would lead to a default on federal ...