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Jay Barry

As seen in: Brookings Institution
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Articles

The debt limit: What if…

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By Brian Sack, Matthew J. Hornbach, Jay Barry, Joshua Schiffrin
| Brookings Institution
Twitter Join the conversation on Twitter using #DebtLimit If Congress fails to lift or suspend the limit on U.S. government borrowing soon, the U.S. Treasury will not have enough cash to pay its bills sometime in October or November. In the past, Congress has always raised the debt limit, sometimes just in time to avoid a default. That may happen again this year. Indeed, there is lots of pressure on Congress to act promptly. But what if this time is different?
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