The U.S. Treasury is at risk of running out of funds as the Congressional Budget Office warns of a potential crisis if the federal debt limit is not raised or suspended. Lawmakers must act quickly to prevent a financial catastrophe as the federal budget deficit is expected to reach $1.5 trillion in 2023. The CBO's projections are uncertain due to lower-than-expected tax revenue collections and a Supreme Court case involving student loans. The growing debt poses significant risks to the U.S. economy, including higher interest rates, reduced investment, and potential financial crises. Policymakers must consider long-term solutions to address these pressing fiscal challenges.