The law that caps government debt in the United States will reapply from the 1st of next month, and you will not be able to increase your debt.
Parliament predicts that government funds will run out in October, and the focus is on whether the opposing ruling and opposition parties can come to terms with an early response.
In the United States, the government has set an upper limit on the issuance of government bonds and borrowing money in order to stop the deterioration of public finances, but Congress has temporarily stopped applying the upper limit in order to allow the expansion of fiscal mobilization.
The government will not be able to increase its debt again from the 1st of next month as the measure expires at the end of this month.
The Congressional Budget Office has indicated that it will be able to manage the funds for the time being, but it will run out in October, and Treasury Secretary Janet Yellen responded to the parliament, saying that there is a risk of defaulting on debt redemption and interest payments. I am seeking.
However, in the US Parliament, the opposition and the Republican Party, which emphasize fiscal discipline, oppose the fact that the Biden administration has launched large-scale fiscal mobilization plans one after another, and the conflict is deepening.
For this reason, the future focus will be on whether the ruling and opposition parties can come to terms with each other as soon as possible in order to avoid a situation of default.