Congressional Budget Office study warns of long-term debt woes in United States

  • Article by: ANDREW TAYLOR , Associated Press
  • Updated: September 17, 2013 - 12:45 PM

WASHINGTON — The government could run out of cash to pay its bills in full and on time sometime between the end of October and the middle of November if lawmakers fail to increase its $16.7 trillion borrowing cap, Congressional Budget Office Director Doug Elmendorf said on Tuesday.

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