According to her, the latest federal tax receipts have been estimated. “The best estimate is that we won’t be able to continue to meet all of the government’s commitments by early June…unless Congress raises or suspends the debt limit by then,” he said. he declared. RIA News .
Recall that last January, the United States had reached the maximum level of public debt at 31,400 billion dollars. As previously reported in the US Treasury, if the specified limit is not increased, the country will face a government debt default.
Last week, the US House of Representatives passed a bill that would raise the debt ceiling by $1.5 trillion while cutting spending by more than $4.5 trillion. Whether the Republican-backed bill will pass the Senate is still being debated.
Meanwhile, U.S. House of Representatives Speaker Kevin McCarthy called President Joe Biden’s behavior strange because of his refusal to discuss the national debt. According to him, Biden ignored “any possibility of communication”, although before that he always opposed people who refused to negotiate.
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