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Sept. 29, 2021, 3:05 p.m. EDT

Without action on debt limit, U.S. likely to run out of cash near end of October or start of November: CBO

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By Victor Reklaitis

The Congressional Budget Office on Wednesday said the U.S. Treasury Department will most likely run out of cash near the end of October or the beginning of November if the federal borrowing limit remains unchanged by Congress. That's later than an Oct. 18 deadline given on Tuesday by Treasury Secretary Janet Yellen.

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