The model shows that the US debt ceiling may be breached in mid July at the earliest

According to BlockBeats, on March 24th, the Bipartisan Policy Center in the United States stated that a model released on Monday showed that if Congress does not take action, the US may break through the debt ceiling at some point between mid July and October. Although the possibility is small, if this year's tax revenue falls below expectations, the so-called 'X day' may increase in early June. The US Treasury Department has not yet predicted on which day X will occur, meaning that the federal government has no authority to exercise payment functions. Wall Street estimates that "X Day" will arrive as early as the end of May (estimated by BNP Paribas), and may occur as late as the end of August or the third quarter (predicted by institutions such as Bank of America, Barclays, and TD Securities). (Golden Ten)