US EditionUS Faces Potential Default as Debt Ceiling 'X-Date' Approaches Mid-July
- The US could default on its $36 trillion debt by mid-July without congressional action, according to the Bipartisan Policy Center.
- Treasury Secretary Scott Bessent urged Congress to act promptly to protect the US's credit in a letter to congressional leaders.
- House Republicans plan to boost the debt limit by $4 trillion, but Senate support is uncertain.
- Shai Akabas of the Bipartisan Policy Center warned that delaying action on the debt limit could lead to higher borrowing costs and market volatility.
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Lawmakers face deadline to raise debt ceiling or default on $36 trillion debt
(The Center Square) – Unless Congress suspends or raises the debt ceiling soon, the U.S. government could default on its $36.2 trillion debt by mid-July, according to the newest debt limit analysis.
US could default on debt as soon as July: Analysis
The federal government could default on its debt as soon as July, a new forecast from the Bipartisan Policy Center warns, raising pressure on Congress for action. The prominent think tank forecast Monday that the so-called “X-Date” would likely arrive between mid-July and early October. “Fiscal responsibility is not just about avoiding financial calamity time…
·Washington, United States
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Leaning Left5Leaning Right5Center9Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 26%
C 47%
R 26%
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