BGOV Webinar: Debt Limit Outlook, Concerns, and Strategies

President Joe Biden and Speaker Kevin McCarthy (R-Calif.) are locked in negotiations to increase the US debt limit before the looming “X-date,” or the day the Treasury won’t have enough cash to meet all its obligations.

Bloomberg Government reporters and analysts held a webinar today to discuss potential consequences of a failure to raise the debt limit, the status of the negotiations, and policy priorities from both the Republicans and the Democrats.

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House Republicans passed a measure (H.R. 2811) on April 26 that would increase the debt limit and cut ...