BREAKING: New Reports Say Government Broke, No Money to Pay Bills Beginning in …

Treasury and $10 bill. Photo by Ryan McFarland. Treasury and $10 bill. Photo by Ryan McFarland.

A new Congressional Budget Office report released yesterday saying the government has run out of money and will be unable to pay its bills beginning in November (possibly December) was backed up by the Bipartisan Policy Center (BPC).

According to a press release by BPC, “BPC has projected that the U.S. Treasury will run out of room to continue paying the nation’s bills in full and on time in the November-December time frame.”

BPC Senior Director of Economic Policy Steve Bell said:

“We still predict, as we have for several months, that November or December seems the likely time frame within which Treasury will no longer be able to borrow money from other government sources and will have to resort to day-to-day receipts in order to pay government bills.”

Read BPC’s press release in full here.

Treasury and $10 bill. Photo by Ryan McFarland.

Justin Haskins
About Justin Haskins (178 Articles)
Justin Haskins is currently the executive editor and a research fellow at one of the nation’s leading free-market think tanks. Opinions here are his own. Justin graduated summa cum laude from the University of Richmond (Richmond, VA) in 2010. Justin also graduated from Regent University (Virginia Beach, VA) in 2011 with an M.A. in government with a focus on international relations and again in 2015 with an M.A. in journalism. Haskins is a columnist for Townhall.com and has been published over 200 times in major digital and print publications, including The Wall Street Journal, Chicago Tribune, New York Post, FoxNews.com, U.S. News and World Report, Forbes, Breitbart, the National Review, The Blaze, The Hill, The Daily Caller, The Washington Times, the Washington Examiner, the American Thinker, Human Events, Reason, The American Spectator, the Providence Journal, Yahoo! Sports, and Red Alert Politics. His writing has also been featured by The Rush Limbaugh Show, Drudge Report, Real Clear Politics, The Weekly Standard, and Fox News’ Fox Nation.
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