Fiscal Projections News Today

India will reduce its budget gap sharply in 2024-25 to 5.1% of gross domestic product (GDP), Finance Minister Nirmala Sitharaman told parliament.

For all the concern over just when the government might run short of money to pay its bills, it turns out that no one can be absolutely sure.

The X-date occurs when the government no longer has enough of financial reserves to pay all its bills, having used up all of its extraordinary measures. As per Treasury Secretary Janet Yellen, the US could default by 5 June if theres no deal to raise legal borrowing limit to support bill paying

Earlier, Treasury Secretary Janet Yellen said the dreaded X-date, when the US government runs out of money unless it can borrow, will now be June 5, not June 1

WASHINGTON — For all the concern over just when the government might run short of money to pay its bills, it turns out that no one can be absolutely sure exactly when the country will default — what officials are calling the “X-date” — if there’s no deal to raise

WASHINGTON — For all the concern over just when the government might run short of money to pay its bills, it turns out that no one can be absolutely sure…

Treasury Secretary Janet Yellen's latest estimation is that the U.S. could default by June 5 if there's no deal to raise the legal borrowing limit.

Treasury Secretary Janet Yellen's latest estimation is that the U.S. could default by June 5 if there's no deal to raise the legal borrowing limit.

Treasury Secretary Janet Yellen's latest estimation is that the U.S. could default by June 5 if there's no deal to raise the legal borrowing limit.

Treasury Secretary Janet Yellen's latest estimation is that the U.S. could default by June 5 if there's no deal to raise the legal borrowing limit.