In general, a higher liquidity ratio shows a company is more liquid and has better coverage of outstanding debts. Liquidity ratios can determine a debtor's ability to pay off current debt.

The Congressional Budget Office said that the so-called X-date could occur as early as spring if Congress does not lift or suspend the nation’s debt limit ... run out of cash by late May ...

The Bipartisan Policy Center estimates that the so-called X-date could fall between mid-July and early October if Congress does not lift or suspend the nation’s debt ... out of cash to continue ...