Tuesday, October 15, 2013

BPC: The King of the "X Date" Prediction

The Bipartisan Policy Center (BPC) is often quoted for its projections of the so-called "X Date" - the date beyond which the US Treasury cannot honor all US financial obligations.

The Wall Street Journal has a nice chart on how BPC's estimate of the X Date has evolved since April 2013.

Here is what the Washington Post had to say about BPC's recent X Date predictions.

Here is a BPC blog post on the possibility of the X Date being delayed by extending the debt issuance suspension period.

Here is the latest X Date prediction from October 8, 2013, which predicts the X Date range to be between October 22 and November 1.  That post was written by Shai Akabas, Brian Collins, and Steve Bell.

Here is all of BPC's debt limit analysis.  Here is BPC's methodology for calculating the X Date.

BPC, which formally launched in 2007, was founded by four former Senate Majority Leaders: Howard Baker (R-TN), Tom Daschle (D-SD), Bob Dole (R-KS), and George Mitchell (D-ME).

BPC's current president is Jason Grumet, an advisor on energy and the environment for the 2008 presidential campaign on then-Sen. Barack Obama.