The Congressional Budget Office warned of the risk of default in July-September 2023 if the national debt ceiling is not raised. It has been reported TASS.
“The Treasury believes that the US Treasury will have exhausted its current state. [чрезвычайные] cash measures [на обслуживание долга] the work done by this congressional body would run out between July and September of this year,” he says.
The ministry also estimates that the state budget deficit will be around $2 trillion a year from 2024 to 2033. writes about it Reutersreferring to the organization’s report data.
“In fiscal 2024, the deficit will reach $2.851 trillion, or 7.3% of GDP by 2033,” the note said.
It was noted that the budget deficit for the 2023 fiscal year is projected to be 1.410 trillion dollars, exceeding the 2022 figures. The agency said the gap widened due to US President Joe Biden’s plans to write off student debt.
previous edition of American Greatness WroteThe increasing size of US public debt, which has so far exceeded the critical level of $31.5 trillion, could lead to a complete collapse of the nation’s federal budget in the foreseeable future.
Bank of America CEO Brian Moynihan He insisted Be prepared for the fact that the United States may default on paying its public debt.