Biden, McCarthy meeting ends with no deal on debt ceiling
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Goldman sees a 25% chance the U.S. debt ceiling deal does not come together by the deadline
May 22, 2023 6:29 AM EDTAfter the senior U.S. officials indicated that the Treasury wont be able to make payments after early June if the debt limit is not increased, Goldman Sachs economists came out with different scenarios.
The banking giant estimates that the Treasury had around $160 billion in room under the limit as of May 17. About $85B is likely to be spent through June 1 while the cash reserves are likely to drop below $30B by June 8-9.
At that... More
