American analysts from the Bipartisan Policy Center believe the US could default between June and August. DEA News referring to the center’s message.
This period is said to be critical.
In the message, “According to the latest estimation of the Bipartisan Political Center, the United States will no longer be able to fulfill all its obligations fully and in a timely manner”. The day “could come in a few weeks,” it said.
Analysts point out that such a wide range of debt defaults is due to significant uncertainty in federal cash flows in a volatile economy. It also points to the need for US legislators to act quickly to avoid the disastrous consequences of a default.
Former Treasury Secretary Janet Yellen warned about the risk of economic chaos in the country.