![]() While there is technically a month between the date of the letter and the earliest x-date, congressional calendars showed Monday that there are only eight legislative days this month when both the House and Senate will be in session at the same time. "Because tax receipts through April have been less than the Congressional Budget Office anticipated in February, we now estimate that there is a significantly greater risk that the Treasury will run out of funds in early June," wrote CBO director Phill Swagel. The Congressional Budget Office also revised its estimate for the so-called x-date on Monday. On Monday, President Joe Biden called the "big four" congressional leaders - Senate Majority Leader Chuck Schumer, Senate Minority Leader Mitch McConnell, McCarthy and House Democratic Leader Hakeem Jeffries - to invite them to a May 9 meeting at the White House to discuss the debt limit, a White House official told NBC. Goldman Sachs' latest estimate this week put the deadline at some point in late July, though the bank's economists acknowledged that weaker-than-expected tax receipts could advance that timeline. This date is earlier than Wall Street economists were expecting. ![]() Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower ![]() Best Debt Consolidation Loans for Bad Credit ![]()
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