*Walter Bloomberg
*Walter Bloomberg|Mar 26, 2025 14:06
The U.S. could risk default on its 36.6 trillion debt as early as August unless Congress raises the debt ceiling, the CBO warned. The estimate aligns with the Bipartisan Policy Center's forecast of a default window between mid-July and early October. Republicans have not set a timeline for action. Last-minute debt limit negotiations have previously shaken markets and triggered credit rating downgrades.
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