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US faces ‘significant risk’ of running out of cash in June, CBO warns

Por: The Boston Globe Nation May 12, 2023

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WASHINGTON — The Congressional Budget Office said Friday that there was a “significant risk” that the federal government could run out of cash sometime in the first two weeks of June, setting the United States up for a default.The warning came as the White House and congressional leaders spent the week in negotiations over how to raise the $31.4 trillion borrowing cap. The Treasury Department has been using accounting maneuvers known as... + full article



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