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.