The Middletown Press (Middletown, CT)

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.

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