On Monday, Senate Republicans plan to block a key bill to raise the US debt ceiling, a scenario that may result in a government shutdown early next month.
The US government may face the "X Date" in the first quarter of October, when the Treasury Department is expected to “exhaust its cash on hand” to pay its bills, a new analysis has claimed.
According to the forecast by the Washington-based non-profit think tank Bipartisan Policy Centre (BPC), if US policymakers “do not act on the debt limit, Treasury will most likely have insufficient cash to meet all its financial obligations sometime between 15 October and 4 November”.
