The federal government could default on its debt as soon as July, a new forecast from the Bipartisan Policy Center warns, raising pressure on Congress for action.
The prominent think tank forecasted on Monday that the so-called “X-Date” would likely arrive between mid-July and early October.
“Fiscal responsibility is not just about avoiding financial calamity time and time again—it’s about ensuring economic stability and paying our bills on time,” Margaret Spellings, president and CEO of the think tank...
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