U.S. faces default in September. The reason — lower than expected tax revenues. This is stated in published on Monday of the analytical report of the bipartisan policy Center, writes TASS.
Forecasts of experts of the center seem pessimistic: “in the first half of September, the Federal government will no longer be able to pay the bills in full and on time”. In their opinion, the leadership of the country in the near future to hold talks with the us Congress to further increase the debt ceiling.
Tax revenues in the budget of the United States increased by only 2-3% instead of the expected 5-6%. Two months ago the experts were predicting that a default can happen in October. However, the new analysis revealed a dangerous development that cannot be ignored.
In addition, the US budget deficit reached $746 billion in the first nine months of fiscal year 2019. By the end of the year it may exceed $1 trillion.
At the same time and the US debt. He currently makes about $22 trillion.