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Nasty Fight over Spending Leaves Debt Limit in Doubt
7/26/2021 · by CRE Finance Council · Multifamily · Legislation and Regulation
On August 1, the federal government will reach its debt limit, (as previously covered in CREFC’s Capital Markets and Policy Briefing). The limit had been suspended for two years in 2019. Last week, the Congressional Budget Office (CBO) issued a report estimating that “Treasury would probably run out of cash most likely in October or November” and:
Tags: Inflation · debt limit · capital markets ·