Tag: CBO

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‘Significant risk’ of US Treasury running ‘out of funds’ soon: Report

The United States Congressional Budget Office (CBO) has predicted that the U.S government’s annual deficits will “nearly double over the next decade.” The United States government faces a “significant risk” of no longer being able to meet all of its financial obligations as early as June, as per a recent report. According to a May…
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US Government Faces ‘Significant Risk’ of Default in June, Congressional Budget Office Warns

The Congressional Budget Office (CBO) has stressed that “there is a significant risk that the Treasury will run out of funds at some point in the first two weeks of June” if the debt ceiling is not raised or suspended. The CBO’s projection is in line with the estimate by the Treasury Department that a…
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