Independent group warns of possible 'too close for comfort' debt-limit scenario before June 15

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Analysts say the standoff over the U.S. borrowing limit threatens to shake U.S. government debt markets later this year, if Washington can’t strike a deal and prevent a default. Retiree benefits, Medicare and Medicaid could also be disrupted.

There is a risk of a “too close for comfort” scenario involving the U.S. government’s ability to pay its bills on time before mid-June, a closely followed Washington think tank said Wednesday.

“If tax season revenues fall far short of expectations, there could even be a ‘too close for comfort’ situation prior to to quarterly tax receipts due on June 15,” the center warned. Read: ‘It depends on how close to the brink we go’: Stock market turmoil likely if U.S. teeters toward a default, analysts say“Today’s X-date range reflects, in part, the considerable uncertainty in our nation’s current economic outlook,” said Shai Akabas, the Bipartisan Policy Center’s director of economic policy.

Now see: CBO warns of potential for U.S. default between July and September, as debt-limit standoff persists

 

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Biden keeps giving away tax money

That is a LIE. It always is a lie, was lie and still is a LIE.

Better yet garnish the wages of politicians to pay the debt.

Gee, we didn't care about those benefits or the people that use them when we were spending their money on your investments in the future?

Just like the climate scam: In 1988, the UN predicted all 1,196 islands of the Maldives would drown between 2008 and 2018 due to 'global warming.' The islands have expanded since then. ClimateScam

The holdouts will come around to pass a resolution to stall for more time because they don't want to deal with the blame for all of these things as they try to reign in massive spending that continues to grow.

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