The Elusive Debt Ceiling 'X-Date': Why It's Hard to Pinpoint.
TL;DR Summary
The US Treasury's announcement of T-bill auctions for next week has led some market participants to believe that the debt ceiling's "X-date" may not be June 1, as previously thought. Despite Treasury Secretary Janet Yellen's warnings, most Wall Street firms estimate that the government will run out of room under its extraordinary measures between June 6 and June 9. Talks between the Biden administration and Republicans in the US House of Representatives have shown progress, with the two sides just $70 billion apart on a total figure that would be well over $1 trillion.
- U.S. Treasury debt announcement signals to some June 1 is not 'X-date' Yahoo Finance
- Treasury auction signals possible leeway on June 1 debt ceiling deadline Fox Business
- 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
- Hoagland on Debt Limit X-Date: There's No Perfect Estimate Bloomberg
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