ABC News reports:
The nonpartisan Congressional Budget Office on Friday added more urgency to the fight over the debt limit, now saying there is a “significant risk” the U.S. will default on its debt “at some point in the first two weeks of June.”
In a new report, the agency said “the extent to which the Treasury will be able to fund the government’s ongoing obligations will remain uncertain throughout May, even if the Treasury ultimately runs out of funds in early June.”
This is an escalation from agency’s previous assessment of how soon the government won’t be able to pay its bills.
Read the full article.
BREAKING: There is “significant risk” the U.S. will default on its debt sometime in the first two weeks of June, the Congressional Budget Office warns. https://t.co/2unDHimqYP
— ABC News (@ABC) May 12, 2023