“Treasury Secretary Janet Yellen has set a new ‘X date’ for the debt limit — Dec. 15,” Punchbowl News reports.
“That’s just 29 days from today. And remember, it’s really less than that because financial markets will start to panic if Congress and the White House don’t look like they’re on a path to resolving the situation before that point.”
“Also, government funding runs out on Dec. 3. And Senate Democrats are likely to be struggling to pass the Build Back Better Act through much of December. That effort, however, may be derailed by twin government funding and debt limit fights.”
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