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 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 ...

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 ...