U.S. may top debt limit sooner than forecast, forcing Congress’ hand
“The Bipartisan Policy Center said Monday there is a ‘significant risk’ that the U.S. will breach its debt limit in early September unless Congress acts. The group’s evaluation marked a revision from its previous forecast of an October to November date at which the U.S. will default on payment obligations. The Treasury Department has been using so-called extraordinary measures to meet debt obligations since March 2, when the U.S. reached its $22 trillion limit on borrowing.”
USAGOLD note: That is an extraordinarily long time to be using extraordinary measures. . .So much so that the accumulated federal debt figure has been stuck at the $22.027 trillion level for over four months.