Comment on The U.S. government will now run out of cash in early March, thanks to the GOP tax law, the CBO says

The U.S. government will now run out of cash in early March, thanks to the GOP tax law, the CBO says

Congress will have to the raise the debt ceiling in the first half of March, weeks earlier than forecast, or the federal government will run out of cash, the Congressional Budget Office said Wednesday. The CBO attributed the shortened deadline to the tax overhaul Republicans passed in late 2017, which will lower tax receipts by $10 billion to $15 billion a month starting in February.

 

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