- The Biden administration is warning that the debt crisis will hit June 1, but others, notably Goldman Sachs, believe there is a week-plus of cushion built in.
- Business Insider said that Goldman Sachs predicts the hit won’t come until June 8-9.
- “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,” Alec Phillips, Goldman economist, said.
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Not So Fast: Goldman Sachs Says US Has 8-Day Cushion Before Debt Default
FILE - President Joe Biden talks with House Speaker Kevin McCarthy of Calif., on the House steps as they leave after attending an annual St. Patrick's Day luncheon gathering at the Capitol in Washington, Friday, March 17, 2023. Facing the risk of a government default as soon as June 1, President Joe Biden has invited the top four congressional leaders to a White House meeting for talks on Tuesday, May 9. (AP Photo/Alex Brandon, File)
