The US government could run out of money after Aug. 15 without debt ceiling action
A new projection of Washington's looming "X date," when the US government will be unable to pay its bills because of the debt ceiling cap, finds that the deadline is likely to fall between Aug. 15 and Oct. 3 unless Congress acts.
The new projection from the Bipartisan Policy Center released Wednesday is one of the most detailed looks so far at when the full faith and credit of the United States could be exhausted.
It's a deadline sure to be closely watched by Wall Street because of the potential dire economic costs. A breach could mean a financial crisis and an economic recession.
Wednesday's report also underlined the difficulty in making precise predictions, listing multiple factors that could inject further uncertainty in the weeks ahead.
https://finance.yahoo.com/news/the-us-government-could-run-out-of-money-after-aug-15-without-debt-ceiling-action-bpc-090026797.html
And with Krasnov's big booty full bill you might need quite an increase on the ceiling.
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