The Treasury Department will likely exhaust its borrowing authority — leading the federal government to default on some of its obligations — as soon as mid-July, according to a Bipartisan Policy Center projection.
The date is dependent on how much the IRS collects in tax revenue by mid-April.
?Political Trivia
Eight moments in political history. Put them on a timeline.
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Five senators. Three bills. Can you guess how they all voted?
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Nine Justices. One case. How did they rule?
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Do you have your finger on the pulse of America?
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Four questions a day.
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A new game every day.