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CBO: Debt ceiling will be hit by early December

Por: Politico Politics September 05, 2023

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The Republican Congress will likely have to move to raise the debt ceiling before the end of the year in order to stave off default, according to the latest by Capitol Hill’s nonpartisan budget referee. The Congressional Budget Office said on Tuesday that the Treasury Department is expected to run out of cash between mid-November and early December this year, lining up with Treasury’s own estimates last month that the government could get... + full article



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