Biden Govt Denies Plans Of Stalling Payments To Delay X-Date
US Denies Contingency Plan According to a report by WSJ, Treasury officials had quietly been preparing for the possibility of delaying certain payments after June 1. With the deadline fast approaching and Congress yet to raise the debt limit, the Treasury was seeking flexibility by considering payment delays until it had sufficient funds to cover the full day’s bills. While discussions surrounding this plan had taken place across the government, no instructions were given to agencies to alter their payment procedures. advertisement Read More: McCarthy Stays Optimistic, Claims “We Could Get Debt Ceiling Deal Any Time” Earlier reports had revealed that the Treasury reached out to counterparts in federal agencies to explore the option of delaying payments due before early June. By postponing payments until June 15, the expected influx of quarterly tax payments could potentially provide additional funding, thereby extending the default deadline into...