Washington – The United States is on its way to reaching its legal debt roof, the so -called date X when the country has no money to pay its bills, already in August without an agreement between legislators and the White House, according to a Congress Budget Office Report on Wednesday.
At that time, the government would no longer have enough financial cushion to pay all its invoices after exhausting its “Extraordinary Measures” Accounting maneuvers used to stretch existing funds.
Washington would risk breaking his debt unless Congress and Republican President Donald Trump agree to lift the indebtedness limit or abolish the debt roof concept completely.
The debt limit was restored on January 2, after its suspension by Congress in the Fiscal Responsibility Law of 2023.
“The treasure has already reached the current debt limit of $ 36.1 billion, so it has no room to borrow under its standard operational procedures,” according to the CBO report.
An analysis Launched on Monday According to the Bipartisan Policy Center, it estimates that the United States could run out of cash in mid -July if Congress did not increase or suspend the nation’s debt limit.
Trump had previously demanded that a provision that increases or suspended the debt limit, something that his own party resists routinely, is included in the legislation to avoid the last potential closure of the government. “Anything else is a betrayal of our country,” Trump said in a statement in December. That agreement did not approach the debt limit.
After the debt limit was reinstated, in one of his last acts as Secretary of the Treasury, Janet Yellen The treasure said Would institute “extraordinary measures “Enjoy preventing the United States from reaching debt roof.
Since then, the Department of the Treasury has stopped paying in certain accounts, including a series of pension funds and disability of federal workers, to compensate for the deficit in money. Treasury Secretary Scott Besent He has continued notifying Congress on the use of extraordinary measures in an effort to avoid a violation of the debt roof.
The CBO estimates that if the debt limit remains unchanged, “the government’s ability to borrow using extraordinary measures will probably be exhausted in August or September 2025. The projected exhaustion date is uncertain because the moment and the amount of income and disbursement charges during the intermediate months could differ from the CBO projections.”
