💬 Quoted… “There is a significant risk that at some point in the first two weeks of June, the government will no longer be able to pay all of its obligations.”

In a report published Friday, the nonpartisan Congressional Budget Office said the US government will likely default on its debts in early June if Congress fails to raise the federal debt limit before then.

• The CBO’s latest prediction is earlier than its previous estimate of July, which the agency said is due to lower-than-expected revenue from federal tax payments in recent months.

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⚖️🤑 Stat of the Day: The US Supreme Court legalized sports gambling nationwide five years ago yesterday. Since then, Americans have legally wagered over $220 billion on sports, generating over $17 billion in revenue for sportsbooks and $3 billion in state and local taxes.

🤯 Did You Know?... Liam was the most popular baby name for US boys in 2022 for the sixth straight year, while Olivia was the most popular baby girl’s name for the fourth straight year, per new data from the Social Security Administration.

📖 Worth a Read: Don’t Throw Shohei Ohtani Your Best Pitch – He Might Steal It → (WSJ)