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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIs there a drop dead date for the resolution of the "debt limit"?
I think its somewhat hard to nail down the exact date, but what is the current estimate?
Theyve always managed to keep paying social security but I cant help feel a bit concerned
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Is there a drop dead date for the resolution of the "debt limit"? (Original Post)
captain queeg
May 2023
OP
MissB
(15,813 posts)1. I think the estimate is that bad things start June 1
634-5789
(4,175 posts)2. Yellen on CNBC : Default by 5-28. That's the last I saw.
Effete Snob
(8,387 posts)3. Depends on how fast the IRS processes refunds
Fun fact - a huge amount of money going out right now is tax refunds.
I believe they have managed to fill some of the employee shortages they had, and are moving a little faster than expected this year.
tinrobot
(10,927 posts)5. Idea - hold off on IRS refunds and blame Republicans
Effete Snob
(8,387 posts)7. That's going to happen anyway
I was in way before the deadline and haven't got mine yet.
I believe it is likely a lot IRS refunds will be delayed if the shit hits the fan.
anciano
(1,023 posts)4. I share your concern ....
but believe that the Repubs will cave at the last minute.
no_hypocrisy
(46,312 posts)6. Won't the anticipation roil The Market
weeks ahead?
The due date will be the period after the sentence.
Girard442
(6,088 posts)8. I think it's when the economy crashes, we all starve, and drop dead.
Tomconroy
(7,611 posts)9. It depends upon how much revenue comes in. I read today if
there is enough to make it through June 15th when quarterly taxes come in then we should be good into August.