Is the US really about to be unable to pay its bills?

A debt ceiling breach may be upon us … but hopefully it is not.
Depending on how negotiations play out in the next few days, the United States could blow past June 5, Treasury Secretary Janet Yellen’s latest projection for the deadline when the country is no longer able to pay all its bills. That date, otherwise known in policy parlance as the “X-date,” is one that Yellen…

This story appeared on, 2023-05-26.
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