USA

USA predicted default in September

Default could happen in the US much earlier than expected: the debt ceiling could be reached in September. About it reports Bloomberg with reference to the report of the bipartisan policy Center.

The reason for the default may become too low tax revenues, which grew by only three percent instead of the previously planned six. It is noted that if the U.S. Congress does not take measures to increase the national debt, then its limit is exhausted in September.

The publication stresses that the lower chamber of the American Parliament has not yet discussed raising the national debt limit, despite the imminent holiday. According to the head of Department of economic policy BPC Shae of Cabasa, without discussion of this issue, the United States can not fulfill their credit obligations.

In February, the US national debt has reached a historic high in 22,012 trillion dollars. The newspaper USA Today noted that the debt is growing the most rapidly during the presidency of Donald trump, in particular, in connection with his tax reform. The deadline to raise the U.S. debt ceiling come October 1. Without this the US government runs the risk of a default that will shake the world economy.

Source:news.rusrek.com
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