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

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. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Without action on debt limit, U.S. likely to run out of cash near end of October or start of November: CBO
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. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.