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Federal Debt and the Statutory Limit, May 2023

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  • Congressional Budget Office

Abstract

CBO projects that if the debt limit remains unchanged, there is a significant risk that at some point in the first two weeks of June, the government will no longer be able to pay all of its obligations.

Suggested Citation

  • Congressional Budget Office, 2023. "Federal Debt and the Statutory Limit, May 2023," Reports 59130, Congressional Budget Office.
    • Handle: RePEc:cbo:report:59130
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    File URL: https://www.cbo.gov/system/files/2023-05/59130-Debt-Limit.pdf
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    More about this item

    JEL classification:

    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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