According to Golden Finance, the Congressional Budget Office of the United States announced on June 10 that the US government may run out of funds needed to avoid reaching the debt ceiling between mid-August and the end of September 2025. This means that if Congress does not take measures such as raising the debt ceiling or suspending its effectiveness during this period, the US government will face the situation of being unable to fulfill its debt payment obligations on time.
The debt limit will be restored and take effect on January 2, 2025, and adjusted to 36.1 trillion US dollars. Since then, the US Treasury Department has been taking “unconventional measures” to keep the government running in order to avoid exceeding the debt ceiling.
However, according to the latest estimate of the Congressional Budget Office, the effectiveness of these measures may be exhausted between mid-August and the end of September.
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