⚡️ ‘Significant risk’ of US Treasury running ‘out of funds’ soon: Report 📍According to a May 12 report published by the…

⚡️ ‘Significant risk’ of US Treasury running ‘out of funds’ soon: Report

📍According to a May 12 report published by the U.S. Congressional Budget Office (CBO), the risk of the U.S. government defaulting on its debt in the near future stems from reaching its statutory debt limit of $31.4 trillion on Jan 19.

📍The CBO predicts the federal budget deficit will be $1.5 trillion in 2023, which is $100 billion more than initially estimated in February.

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