{"id":2414464,"date":"2025-03-24T08:19:02","date_gmt":"2025-03-24T12:19:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/debt-ceiling-x-date-hits-as-soon-as-mid-july-washington-examiner\/"},"modified":"2025-03-24T08:19:02","modified_gmt":"2025-03-24T12:19:02","slug":"debt-ceiling-x-date-hits-as-soon-as-mid-july-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/debt-ceiling-x-date-hits-as-soon-as-mid-july-washington-examiner\/","title":{"rendered":"Debt ceiling \u2018X date\u2019 hits as soon as mid-July &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdebt-ceiling-x-date-hits-as-soon-as-mid-july-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2414464&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Debt ceiling &lsquo;X date&rsquo; hits as soon as mid-July<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2039591\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>As Washington lurches from one <a href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/3348726\/debt-ceiling-gop-unity-congress\/\" target=\"_blank\" rel=\"noopener\" title=\"\">financial crisis to another<\/a>, the next threat to the government defaulting on its bills could come as early as mid-July, according to a new analysis.<\/p>\n<p>The &ldquo;X date&rdquo; could be delayed until October, but without action to suspend or raise the debt ceiling above $36.1 trillion, the <a href=\"https:\/\/washingtonexaminer.com\/tag\/treasury\/\" target=\"_blank\" rel=\"noopener\" title=\"Treasury\">Treasury<\/a> could run out of budgeting gimmicks to forestall defaulting on its bills, according to the Bipartisan Policy Center&rsquo;s report shared with Secrets Monday.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/washington-secrets\/3356082\/white-house-report-card-two-months-in-trump-is-still-on-top\/\">White House Report Card: Two months in, Trump is still on top<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/washington-secrets\/3355661\/trump-gop-approvals-tick-higher-as-voters-ignore-dc-turmoil\/\">Trump, GOP approvals tick higher as voters ignore DC turmoil<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/washington-secrets\/3355009\/criminal-relics-of-jeffrey-epstein-to-auction-before-next-document-drop\/\">&#8216;Criminal relics&#8217; of Jeffrey Epstein to auction before next document drop<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">     <iframe loading=\"lazy\" class=\"scribd_iframe_embed\" title=\"Use - Debt Limit\" src=\"https:\/\/www.scribd.com\/embeds\/842610454\/content?start_page=1&amp;view_mode=scroll&amp;access_key=key-xM1GbymBLiVhWbV8WYDg\" tabindex=\"0\" data-auto-height=\"true\" data-aspect-ratio=\"1.7790927021696252\" scrolling=\"no\" width=\"100%\" height=\"600\" frameborder=\"0\"><\/iframe> <\/p>\n<p style=\"margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-size: 14px; line-height: normal; display: block;\"> <a title=\"View Use - Debt Limit on Scribd\" href=\"https:\/\/www.scribd.com\/document\/842610454\/Use-Debt-Limit#from_embed\" style=\"text-decoration: underline;\"> Use &ndash; Debt Limit <\/a> by <a title=\"View web-producers's profile on Scribd\" href=\"https:\/\/www.scribd.com\/user\/701058553\/web-producers#from_embed\" style=\"text-decoration: underline;\"> web-producers <\/a> <\/p>\n<p>&ldquo;Fiscal responsibility is not just about avoiding financial calamity time and time again &mdash; it&rsquo;s about ensuring economic stability and paying our bills on time,&rdquo; said Margaret Spellings, president and CEO of the <a href=\"https:\/\/bipartisanpolicy.org\/wp-content\/uploads\/2025\/03\/03242025-BPC-X-Date-Projection.pdf\" target=\"_blank\" rel=\"noopener\" title=\"\">Bipartisan Policy Center<\/a>.<\/p>\n<p>&ldquo;This year presents many opportunities to begin getting our fiscal house in order without risking the full faith and credit of the U.S. Policymakers must commit to responsible budgeting, which starts with avoiding debt limit brinksmanship and its impacts on our economy,&rdquo; the Bush-era education secretary added.<\/p>\n<p>Congress and President Donald Trump have appeared eager to prevent fiscal disasters, but that may be ending as liberal activists press Democratic lawmakers to block any of Trump&rsquo;s initiatives.<\/p>\n<p>While a budget deal was approved with the help of some top Democrats, notably Senate Minority Leader Chuck Schumer (D-NY), it looks like Trump&rsquo;s bid to extend tax cuts approved in his first term will be difficult, as will his other moves to end taxes on tips and Social Security checks.<\/p>\n<p>The debt crisis then arrives in the summer, and depending on how much tax revenue is raised and how the Treasury handles its payment plans, the default &ldquo;X date&rdquo; will become clearer, the center said.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/news\/washington-secrets\" target=\"_blank\" rel=\"noreferrer noopener\">SEE THE LATEST POLITICAL NEWS AND BUZZ FROM WASHINGTON SECRETS<\/a><\/strong><\/p>\n<p>Trump has said he would like to <a href=\"https:\/\/www.washingtonexaminer.com\/in_focus\/3265999\/trump-abolish-debt-ceiling-government-spending\/\" target=\"_blank\" rel=\"noopener\" title=\"\">eliminate the debt ceiling<\/a>, but conservatives like it because it puts a limit on spending.<\/p>\n<p>&ldquo;Lawmakers cannot afford to delay action on the debt limit,&rdquo; said Shai Akabas, vice president of economic policy at BPC. &ldquo;Congress has a full plate in 2025, but addressing the debt limit well ahead of the X date should rise to the top of the priority list right now. History has shown that even approaching the X date can lead to market volatility, higher borrowing costs, and reduced confidence in U.S. fiscal stability.&rdquo;<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_2039591\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2039591\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Debt ceiling \u2018X date\u2019 hits as soon as mid-July As Washington lurches from one financial crisis to another, the next threat to the government defaulting on its bills could come as early as mid-July, according to a new analysis. The \u201cX date\u201d could be delayed until October, but without action to suspend or raise the<\/p>\n","protected":false},"author":2647,"featured_media":2414465,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/03\/Debt-BPC-Limit-scaled-1024x683.webp","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2414464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/03\/Debt-BPC-Limit-scaled-1024x683.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2414464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2647"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2414464"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2414464\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2414465"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2414464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2414464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2414464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}