United States may face potentially catastrophic default. When is ‘X-date’?

( NerdWallet ) – A few short weeks are left for Congress — or, perhaps, President Joe Biden — to take action and lift the debt ceiling before tick, tick, tick … boom goes the economy.

The so-called “X-date” — when the federal government can no longer meet its legal obligations — could be as early as June 1, according to a May 1 letter from U.S. Treasury Secretary Janet Yellen to Congress. Yellen reiterated the same sentiments in another letter to Congress on May 15. Here’s the possible timeline for Facebook to pay users in $725 million settlement “If […]

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By Donato