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U.S. can avoid default in July if Treasury can make it through June cash crunch, Congressional Budget Office says

U.S. can avoid default in July if Treasury can make it through June cash crunch, Congressional Budget Office says

People walk and ride bicycles past the US Capitol in Washington, DC, on May 11, 2023.

Jim Watson | AFP | Getty Images

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

The updated

otherwise reiterated the CBO’s earlier uncertainty about the debt ceiling during the first few…

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