No Way to Move Date: Rizzo on Possible Debt Limit X-Date

The transcript discusses the importance of the June 1st date for fiscal projections, the challenges in determining the exact date, and the Treasury's cash reserve policies. It highlights the uncertainty surrounding the X date and the legal implications of prioritizing payments. The coordination between the Treasury and the White House is also emphasized.

What is the prudent cash policy implemented by the Treasury in 2013?

Why is prioritization of payments considered problematic according to the text?