Congress warns of US default risk in summer 2023
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In July-September 2023, the US may be in default. This is reported by the US Congressional Budget Office.
The FDA argues that if the US does not change the government debt limit, the US government’s ability to borrow will be exhausted. Therefore, the US will default.
The US administration is currently urging congressmen to raise US government debt limits as quickly as possible. But the Republican Party insists on cutting the country’s budget spending. Interestingly, against this background, the United States has the funds to sponsor Ukraine on a huge scale.
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