Debt ceiling deadline: Here's when the government will no longer be able to pay its bills

The U.S. government will probably run out of cash to pay its bills at some point this fall, likely in October or November, if no action is taken, the nonpartisan Congressional Budget Office announced Wednesday. 

This comes as the debate over raising or suspending the debt limit is breaking down on Capitol Hill. If lawmakers do not address the issue, the U.S. will be unable to pay its obligations fully — leading to delaying payments, defaulting on its debt obligations or both, the report warns.