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US faces potential default by August if Congress fails to raise the debt limit, warns CBO.
The US may run out of money to pay its bills by August if Congress doesn't raise the debt limit, warns the Congressional Budget Office (CBO).
The government has reached its $36.1 trillion borrowing cap and is using extraordinary measures to manage funds.
Without a deal, the US could face a default, leading to economic disruptions, job losses, and unpaid benefits to Social Security, veterans, and military families.
The House has proposed a $4 trillion increase, but Senate approval is uncertain.
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EE.UU. se enfrenta a un posible impago en agosto si el Congreso no eleva el límite de la deuda, advierte la CBO.