Negotiations on the debt ceiling appear to be making progress, but the the hard deadline or X-date for when the government won’t be able to pay the bills is unclear. Most current estimates are for early June, but opinions vary on precisely when. The U.S. Treasury has given a range, and the Congressional Budget Office has disclosed additional detail of payment timings, but no one has yet estimated a precise date as the Treasury juggles its bills.
The Treasury Assessment
Since the U.S. hit the debt ceiling in January 2023 and invoked extraordinary measures to keep operating, there have been differing estimates of when the government will be unable to meet its obligations. That’s the so-called X-date.
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