When Will the Money Run Out?
Treasury Secretary Jacob J. Lew has said the U.S. government will exhaust its ability to borrow more on Oct. 17, triggering a possible default on federal obligations. A study by the Washington-based Bipartisan Policy Center says the government's “X Date” — the day in which the U.S. will be unable to meet all of its financial obligations in full and on time — will fall between Oct. 22 and Nov. 1.
Published Oct. 9, 2013
Note: The projections above are subject to substantial uncertainty and volatility resulting from economic performance, cash flow fluctuations and other factors.
Source: Bipartisan Policy Center. Projections based off of Treasury’s daily, monthly and direct government account statements
GRAPHIC: DAVE MERRILL / BLOOMBERG VISUAL DATA