He US government I could fall into Technical default After August 15, due to the debt roof limit according to a new projection of the Bipartisan Policy Centerwhich estimates that the deadline would be before October 3, unless the Congress Act.
The new analysis published in the last hours by the Center for Studies provides that the so -called “Date X” From Washington, when the government cannot pay its accounts, it could occur between August and October, but they emphasize that it is not possible to know precisely.
At the same time, it is expected that Wall Street The deadline is still well due to the great costs that could have full faith and credit within the American superpower, since a breach of obligations could lead to a financial crisis and another recession.
From the Bipartisan Policy Center they understand that although exact projections cannot be made, there are multiple factors that could add greater uncertainty to this issue. “No one, not even the secretary of the Treasury, can know precisely when the date X will arrive,” says the Center for Studies compared to the billions of dollars that enter and leave the government coffers every day.
Donald Trump seeks the approval of the Senate to the budget conciliation project
For its part, the update of the “date x” could lead to the president Donald Trump to exert greater pressure on the Republican party so that the “great and beautiful” bill “Big Beautiful Bill Act, Budget Conciliation Law is approved, as soon as possible, waiting to use the megaproject to avoid default.
In that sense, last Tuesday the Republican magnate asked the legislators not to go on vacation and “locate themselves in a room” if necessary to achieve the approval of the project, that in their version of the Senate Raise the debt roof in 5 billion dollars, unlike the 4 billion dollars in the House of Representatives.
Currently, the debt roof is 36.1 billion dollars and was reached last January, where the deadline was delayed from what is known as “extraordinary measures” by political leaders.
“The Congress must address the debt limit before the August recess,” he said Margaret Spellings, The President and Executive Director of the Bipartisan Policy Center, in an attached statement to the statement. “Congress cannot afford to add more uncertainty to the situation,” he said in this regard.
Likewise, the Secretary of the Treasury, Scott Besenthe said last Tuesday that he could not give a clear date, but that he could say that “the alert limit” was near.
Source: Ambito
