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.