CBO Says Treasury To Run Out Of Cash As Early As October If Debt Limit Not Raised

By Steve GoldsteinPublished June 29, 2017MarketsMarketWatch Pulse

If the debt limit remains unchanged, the Congressional Budget Office on Thursday projected that the Treasury will likely run out of cash in early to mid-October. That would lead to delays of payments for the government's programs and activities, a default on its debt obligations, or both, the CBO found.