By Lisa Haven

“The Congressional Budget Office projects that if the debt limit remains unchanged, those measures will be exhausted and the Treasury will most likely run out of cash in early to mid-October”

Those are the start words for the Congressional Budget Office, a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress.

I’ve been saying for quite some time the US debt is on a slippery slope, it now seems that the Congressional Budget Office is themselves concerned they will run out of cash if the “debt ceiling isn’t raised soon.”

All that and more in this breaking report…

 

 

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For More Information See:

https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/52837-debtlimit.pdf

http://www.zerohedge.com/news/2017-06-29/treasury-will-run-out-cash-mid-october-cbo-warns