U.S. seen running out of cash between Oct. 15 and Nov. 4, as debt-limit drama continues

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The U.S. government is most likely to have insufficient cash to meet all its financial obligations sometime between Oct. 15 and Nov. 4 if the federal borrowing limit isn’t raised, according to a new projection released Friday by the Bipartisan Policy Center. The projection from the think tank in Washington comes as Democratic and Republican lawmakers remain locked in a standoff over lifting the debt limit. The Bipartisan Policy Center previously estimated the U.S. government’s “X Date” would come at some time between mid-October and mid-November. “No one can be certain of the X Date, but we know it’s coming within a matter of weeks,” said Shai Akabas, the center’s director of economic policy, in a news release. “The U.S. government risks missing or delaying critical bills that will come due in mid- and late-October that millions of Americans rely on, from military paychecks and retirement benefits to advanced child tax cr
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