Dear John,
 
I’m sure you’ve heard that last week the House passed a bipartisan budget deal to set annual spending levels and suspend the debt ceiling for two more years. The Senate is expected to vote on it shortly. BPC’s research had a real impact on these debates, helping to spur action prior to the August recess. We wanted to share some of our recent debt limit resources so you can stay up to date.
 
Shai Akabas
Director of Economic Policy
 
 

Several weeks ago, BPC released a new debt limit estimate forecasting a risk that the debt limit “X Date” — the date when the federal government can no longer pay all of its bills in full and on time — could occur in the first half of September. This “X Date” risk fell earlier than BPC’s previous projection range, based on new data and analysis. Read the full press release below.
 
 
 
We break down what the debt limit is and our recent projections in 30 digestible slides.
BPC’s economic policy team analyzes the government’s running budget deficit and updates the Deficit Tracker every month.
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