Debt limit countdown: Day-to-day costs to keep your agency open

Wednesday - 7/6/2011, 5:36pm EDT

Jay Powell, visiting scholar, Bipartisan Policy Center

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The government might run out of money to keep your agency in business if Congress doesn't raise the debt limit by August 2.

The Bipartisan Policy Center has outlined projected cash inflows and payment obligations for the government each day in August. And it's predicting a significant shortfall.

Jay Powell is a visiting scholar at the Bipartisan Policy Center and former Treasury undersecretary for President George H.W. Bush. He broke down the day-by-day projections.