Congress Has Mere Months to Address Debt Default, CBO Warns

Daily Caller News Foundation (Adam Pack), The Star News Network

The U.S. government has until August or September to lift the country’s borrowing limit to

avert a default, according to the Congressional Budget Office’s (CBO) projections. The nonpartisan forecast sets a deadline for Congress to address the statutory debt limit before the government runs out of money. Congressional Republicans are attempting to raise the debt limit through a filibuster-proof tax and spending package, circumventing Democratic lawmakers from potentially using debt limit negotiations as a point of leverage.