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Gloomy fiscal forecast

CQ Budget, Episode No. 267

Treasury Secretary Janet Yellen, center, said the government may run out of cash to pay all its bills by early June unless the debt limit is increased.
Treasury Secretary Janet Yellen, center, said the government may run out of cash to pay all its bills by early June unless the debt limit is increased. (Tom Williams/CQ Roll Call file photo)
By David Lerman and Peter Cohn
Posted February 17, 2023 at 2:26pm

Deficits over a decade will be 20 percent higher than forecast just nine months ago, and action is needed by summer to raise the debt limit, the Congressional Budget Office said in two new reports. CQ Roll Call’s David Lerman and Peter Cohn assess the latest budget forecasts and what they may mean for the spending and debt limit battles to come.

Show Notes:

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