The US Congressional Budget Office has delayed by two weeks the date when the country could plunge into default, Bloomberg writes.
“The updated estimate pushes back the so-called X date by at least two weeks from what was projected earlier in March,” Bloomberg wrote.
The agency noted that a negative outcome in the U.S. Congress on the issue of increasing the debt ceiling implies default in the United States between mid-August and late September 2025.
Bloomberg specified that the postponement of the date of default in the United States provides Congress with an additional time period to raise the ceiling of the national debt, taking into account the bill of the American President Donald Trump on tax relief.
Recall, earlier the United States Treasury Secretary Scott Bessent said that the House of Representatives of the US Congress should analyse the issue of raising the national debt in advance, otherwise the country could face default as early as August 2025.
