https://edition.cnn.com/2021/09/28/economy/debt-ceiling-deadline-yellen/index.html
Treasury Secretary Janet Yellen warned lawmakers that the federal government will likely run out of cash and extraordinary measures by October 18 unless Congress raises the debt ceiling.
The
new estimate from Yellen raises the risk that the United States could
default on its debt in a matter of weeks if Washington fails to act. A
default would likely be catastrophic, tanking markets and the economy,
and delaying payments to millions of Americans.
"It
is uncertain whether we could continue to meet all the nation's
commitments after that date," Yellen wrote in a letter, adding the
projection is based on estimated tax payments.
This is already an annual event. It's like some guy who pays for kiddish at Shul on Shabbos Bereishis every year and every year during YK he threatens not to but he always ponies up in the end.
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