U.S. likely to hit debt limit X-date in August, Treasury says

Politico.com - For more and to sign up click here The Treasury Department said Friday it would likely run out of cash to pay the nation’s bills by August, setting a new, firmer deadline for Congress to act to avoid a catastrophic default on the United States’ more-than $36 trillion debt. That date could also become the new, de facto deadline for congressional Republicans to pass their megabill of tax cuts, border…