US government could default ‘as soon as mid-December’ without action: Analysts

search November 18, 2021 Yahoo News Leave a comment 8 Views

WASHINGTON, DC - OCTOBER 06: U.S. Treasury Secretary Janet Yellen (C) listens to President Joe Biden during a hybrid meeting with corporate chief executives and members of his cabinet to discuss the looming federal debt limit in the South Court Auditorium in the Eisenhower Executive Office Building on October 06, 2021 in Washington, DC. Each of the meeting participants spoke in dire terms about the negative national and global economic reaction to Congress failing to raise the limit and the U.S. defaulting on its debt. (Photo by Chip Somodevilla/Getty Images)

Treasury Secretary Janet Yellen meets with President Joe Biden to discuss the federal debt limit in October. (Chip Somodevilla/Getty Images)

On Tuesday, Treasury Secretary Janet Yellen set Dec. 15 as the latest deadline for when the U.S. could default on government debt.

Today, an independent group of analysts at the Bipartisan Policy Center (BPC) have confirmed the deadline, projecting a debt limit “X Date” of when the U.S. will no longer be able to pay its bills as a possibility…


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