The Treasury Department will run out of room under the debt ceiling and risk defaulting on U.S. government obligations between. Oct. 18 and Nov. 5, according to new projections from the Bipartisan Policy Committee.

The estimates are the latest and most detailed projections of how long the Treasury has before it risks defaulting on U.S. sovereign debt or other government obligations and endangering the world-wide financial system. Treasury Secretary Jacob Lew told Congress in June that he expected to run out of room under the statutory debt limit in mid-October.