0:59STOCK IMAGE/Getty ImagesThe United States reached its $31.4 trillion borrowing limit back in January and is now relying on "extraordinary measures" to keep the government fully funded and avoid what would be an economically catastrophic default. When exactly those measures will run out -- dubbed the "X-date" -- is a moving target, experts told ABC News, though it could happen as early as this summer.
"Nailing down the precise day that the Treasury runs out of cash to pay everyone on time is highly uncertain and very difficult to gauge," said Mark Zandi, the chief economist at Moody's Analytics.Anadolu Agency via Getty Images House Republicans have demanded spending cuts in exchange for lifting the debt ceiling, while Democrats are calling for a "clean" raise without conditions.
"Passage of a strong debt limit bill before the end of the April legislative session must be the chamber's top priority," Hern said. "We must work night and day to get it passed to show the American people we can be trusted and force the Senate and White House to answer for their dereliction of duty."
well you wanted Joe so don't complain
McCarthy and the freedom clown show has shown over and over they can’t be taken serious
If republicans default they can kiss any chance they have in the next election cycle goodbye ✌🏽✌🏽
Is the owner of ABC Amroman or Amroscandinavian?
I'm willing to show 10 lucky people how to earn 0.74BTC($15,000)daily. No withdrawal fee You don't get to send funds to anyone Interested? DM.
They need to cut about 3 trillion from the budget. Probably keep payroll the same and stop filling retiring positions from the administrative state. Restructure from within. Stop creating new social programs until we’re balanced. Cut non-personnel spending from the military.
Raise every Americans credit card limit at the same time. That would be fair, right?
dbchirpy Just a reminder, 12 years ago, Debt limit was looming, in fact USA didn’t raise it, because gop tied it to Abortion. Bet that happens again. abc cbs nbc cnn foxnews wsj
You all wanted Joe this is what you get
The last Congress overspent with nothing to show for it.
Fake news
What a mess
But fuck the ticking clock counting down to irreversible climate destruction am I right 😍 useless ass country!