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Debt Limit Could Hit Winter 2027, Treasury Urged to Act

6/4/2026

Summary

Story summary

The Bipartisan Policy Center forecasts the U.S. could reach its debt-limit “X date” as early as late winter 2027, with a six-to-nine-month buffer of Treasury extraordinary measures.
The Treasury Department says it must act soon after Republicans lifted the ceiling by $5 trillion to $41.1 trillion Public Law 119-21 last summer.
President Donald Trump’s administration has drawn down over half of the borrowing authority, which Shai Akabas of the Bipartisan Policy Center called unsustainable.

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Story summary

The Bipartisan Policy Center forecasts the U.S. could reach its debt-limit “X date” as early as late winter 2027, with a six-to-nine-month buffer of Treasury extraordinary measures.
The Treasury Department says it must act soon after Republicans lifted the ceiling by $5 trillion to $41.1 trillion Public Law 119-21 last summer.
President Donald Trump’s administration has drawn down over half of the borrowing authority, which Shai Akabas of the Bipartisan Policy Center called unsustainable.