Debt limit "X-date" could arrive within weeks, new analysis finds
CBSN
The U.S. could be weeks away from being unable to pay its bills, according to a new estimate by the Bipartisan Policy Center.
President Biden and Republican lawmakers are nowhere near a deal to raise or suspend the debt limit, but Mr. Biden has invited congressional leaders to the White House Tuesday to talk about a way forward.
The new analysis projects the so-called "X-date" could arrive as soon as early June to early August, narrowing the organization's previous projections. The Bipartisan Policy Center's X-date falls closely in line with Treasury Department estimates. Treasury Secretary Janet Yellen warned congressional leaders in a letter last week that the U.S. could be unable to pay its bills as soon as June 1.
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