The Elusive X-Date: Decoding the US Debt Ceiling Deadline
TL;DR
The Treasury Department will proceed with auctions for certain short-term Treasury bills next week, which some observers interpret as a sign that lawmakers may have additional time beyond the June 1 deadline to finalize a deal to raise the debt limit and avoid a catastrophic default. Treasury Secretary Janet Yellen has warned that the Treasury will likely exhaust its "extraordinary measures" in the first half of June. Congress is racing to finalize a deal to raise the U.S. debt limit and avert a default that could arrive as early as June 1 and hurt the economy.
Topics:businessfinance#auctions#congress#debt-ceiling#extraordinary-measures#finance#treasury-department
- Treasury auction signals possible leeway on June 1 debt ceiling deadline Fox Business
- U.S. Treasury debt announcement signals to some June 1 is not 'X-date' Yahoo Finance
- Debt default 'X-date' calculations aim to figure out when the US may run short of cash The Associated Press
- Here’s why it’s so hard to figure out the debt ceiling ‘X date’ The Hill
- Debt Deal: Before X+1 Day, the US Crisis Will Have Already Begun Bloomberg
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