The Debt Ceiling Nears

The Debt Ceiling Nears

Punchbowl News: “Most estimates for the date when the federal government will reach its borrowing limit — known as the ‘X date’ — peg it at some point this summer or early fall. But Treasury is expected to give its most updated estimate next week as April tax receipts come in.” “This update will be critical. Republicans have included a debt limit increase in their reconciliation package. The House has a $4 trillion boost while the Senate set it …