With the dreaded “X-Date” fast approaching, House Republicans and the White House remain at an impasse over how to raise the debt ceiling. House Speaker Kevin McCarthy Republicans are telegraphing compromise – with Speaker Kevin McCarthy (R-CA) saying on Thursday that ‘not everyone will be happy with the debt deal,’ but that he expects a compromise will emerge sometime in the next few days. According to Punchbowl News , GOP leadership feels confident they can win the support of the majority of the House Republican Conference for the eventual package.
Piper Sandler’s Donald Schneider is projecting a new X-Date, with the Treasury having as little as $10 billion on hand by June 2 and $2 billion by June 9 . For reference, Treasury typically never goes below $25 billion on hand, “especially with 0 extraordinary measures left, as would be the case in early June.” To be clear, […]
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