'Those who believe the debt limit can safely be pushed to the back of the December legislative pileup are misinformed.'
As Congress gears up for another fight over the debt ceiling, the so-called "X date," when the United States is no longer able to meet its debt obligations on time, will most likely fall between December 21, 2021 and January 28, 2022, the Bipartisan Policy Center projects. This new projection is a narrower window than the group's previous assessment of when the risk will dramatically escalate, which was mid-December to early February.she's confident the U.S.
Adding to the uncertainty is the unpredictability of U.S. government cash flows during the COVID-19 pandemic, revenues have been unusually volatile and spending on certain pandemic-related programs have been uneven.could have a ripple effect across the economy, particularly during a time of economic recovery and mounting questions over a new COVID-19 variant, the Bipartisan Policy Center said. Even the uncertainty over the U.S. meeting its obligations has costs. The U.S.
A new bipartisan bill, the Responsible Budgeting Act, which is backed by Bipartisan Policy Center experts, will also be introduced shortly by Representatives Scott Peters of California and Jodey Arrington of Texas.
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