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U.S. Won’t Hit Borrowing Limit Until Second Half of 2023
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wsj.comCongress likely won’t need to raise the federal government’s borrowing limit before the third quarter of 2023, reflecting strong growth in tax collections, according to a new projection from the Bipartisan Policy Center released Tuesday.
That time frame for when the U.S. will hit its congressionally mandated debt borrowing limit—and the Treasury Department would exhaust any special measures that would allow it to continue meeting the nation’s obligations—is well beyond this fall’s midterm elections.
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