U.S. seen running out of cash between mid-December and mid-February, as debt-limit fears return


The U.S. government is most likely to have insufficient cash to meet all its financial obligations sometime between mid-December and mid-February if the federal borrowing limit isn’t raised, according to a new projection released Friday by the Bipartisan Policy Center. Projections from the think tank in Washington, D.C., are closely followed, and the latest one comes after Democratic and Republican lawmakers agreed to a recent short-term increase in the debt limit following a standoff. Other analysts have predicted that the new “X Date” for the U.S. government, meaning when it would exhaust what are known as extraordinary measures and lack the cash to meet all its financial obligations, could come between mid-December and early January.

This article was originally published by Marketwatch.com. Read the original article here.

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