Bipartisan Policy Center

Treasury Secretary Jacob Lew says the just-resolved budget fight was "a little bit scary" because it "got close to the edge," and the lesson has to be that U.S. won't be put in that position again. (Photo by Alex Wong/Getty Images)

Study: US Could Default As Early As Oct. 18

A new study predicts the United States could default on its obligations as early as Oct. 18 if Washington fails to agree on legislation to raise the government’s borrowing cap.


A "Notice to Vacate" is seen in the window of a foreclosed home in Glendale, Calif., on Aug. 14, 2012. (credit: ROBYN BECK/AFP/GettyImages

Bipartisan Report Calls For Elimination Of Fannie Mae, Freddie Mac

A new federal housing report is calling for the elimination of mortgage lenders Fannie Mae and Freddie Mac.