Goldman Sachs says the US has an extra 8 days before it runs out of money to pay its bills. That could buy it more time to negotiate the debt ceiling.
Treasury Secretary Janet Yellen has previously said the"X-date," or theBut the actual deadline could be a week later than June 1, Alec Phillips, Goldman Sachs' chief political economist, told"Our guess right now is that the real deadline is probably more like June 8th, 9th, that's when they're at sort of greatest risk," Phillips said.
Phillips did not explain the X-date calculation in the interview. But these forecasts could vary because these calculationsnegotiate a deal over raising the debt ceiling"The reality is that Congress has to do this at some point very soon, and they should just go ahead and do it," Phillips said."So waiting for the last minute isn't necessarily the right move, even though we think that maybe they could go a little bit longer.
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