The Congressional Budget Office's new estimate underscores the urgency of resolving a bitter standoff between Republicans and Democrats over raising the United States' $31.4-trillion statutory borrowing cap.
said there had not yet been “enough progress for the leaders to get back together.”
“The extent to which the government will be able to fund the government’s ongoing operations will remain uncertain throughout May, even if the Treasury ultimately runs out of funds in early June,” the CBO said in a statement. The CBO said that in mid-May the Treasury will make outlays of around $50 billion to cover interest due on 10-year notes and on longer-dated bonds, with $10 billion to $16 billion in outlays at the end of May.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
US Congress, White House begin tough debt limit, budget negotiationsTime is tight to avoid a historic, economically destabilizing default on US government debt.
Baca lebih lajut »
NPC gets bomb threat, suspends work at Pasay officeThe National Privacy Commission (NPC) on Friday, May 12 received a bomb threat online, prompting the government agency to evacuate the premises of its office at the PICC in Pasay City and suspend work for the rest of the day. CDNDigital
Baca lebih lajut »
Speed up permit for jeepneys in Bacolod to run until Dec. 31—Western Visayas LTFRB directedThe LTFRB head office directed on May 10, its Western Visayas office to expedite the issuance of provisional authorities to allow traditional jeepneys to continue operating in this city until Dec. 31.
Baca lebih lajut »
DBM wants to narrow infra, climate change financing gapsThe Department of Budget and Management (DBM) raised the need to address financing gaps in infrastructure and climate change programs to achieve the country’s economic and social goals.
Baca lebih lajut »
Traffic and Emergency Command Center at SRP mulledCEBU CITY, Philippines -- A member of the Cebu City Council has urged the South Road Properties Management Office (SPRMO) to establish a Traffic and Emergency Command Center at the SRP. City
Baca lebih lajut »
Taguig LGU honors 3 centenarians with P100,000 cash giftsThe Taguig City government, through its Office of Senior Citizens Affairs (OSCA), honored three female centenarians with P100,000 birthday cash gifts. ManilaBulletin
Baca lebih lajut »