This warning was issued by the Congressional Budget Office.
“If the public debt limit is not changed, then the government’s ability to attract borrowing using extraordinary measures will be exhausted between July and September 2023, that is, in the fourth quarter of the current financial year,” RIA Novosti quotes the report.
On February 7, US Federal Reserve Chairman Jerome Powell said that if the US Congress does not raise the national debt ceiling, the regulator is unlikely to be able to protect the country's economy from the consequences.
US Treasury Secretary Janet Yellen warned that a default in the United States would lead to disaster.