Debt Limit Could Be Pushed to July

The Congressional Budget Office on Friday said that tax revenues and emergency measures after June 15 “will probably allow the government to continue financing operations through at least the end of July,” CNBC reports.

“The updated guidance otherwise reiterated the CBO’s earlier uncertainty about the debt ceiling during the first few weeks of June. Even though mid-June tax revenues could ease pressure on the Treasury through July, there’s still the risk of default in the first few weeks of June.”