Policy center: Debt limit could be hit in mid-October

The government will likely face an unprecedented default on its debt obligations between mid-October and mid-November, a Washington think tank said Friday, seconding a warning earlier this week from the Treasury. The “X Date,” the date when Treasury Secretary Janet Yellen will run out of maneuvering room to avoid hitting the debt limit if Congress does not act, will occur a couple of weeks after the start of the new budget year on Oct. 1 and may not be reached until as late as the middle of November, according to the Bipartisan Policy Center.