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US risks debt default as soon as July: budget office
US risks debt default as soon as July: budget office
Business and Economy
by  AFP

The United States risks defaulting on payment obligations as soon as July, if lawmakers fail to resolve a gridlock and raise the federal borrowing limit, according to Congressional Budget Office estimates Wednesday. "If the debt limit is not raised or suspended before the extraordinary measures are exhausted, the government would be unable to pay its obligations fully," the CBO warned Wednesday.