Mars Finance News, on March 24, the US Bipartisan Policy Center stated that the model released on Monday showed that if Congress does not take action, the United States may breach the debt ceiling at some point between mid-July and October. Although the possibility is small, if this year's tax revenue is lower than expected, the so-called "X-Day" may arrive in early June. The US Treasury has not yet predicted on which day the "X-Day" will occur, which is when the federal government will lose its payment authority. Wall Street estimates that the "X-Day" could arrive as early as late May (estimated by BNP Paribas), or as late as late August or the third quarter (predicted by Bank of America, Barclays, TD Securities, and other institutions). (Jinshi)
Model shows US debt ceiling could be breached as early as mid-July
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