Shai Akabas, a BPC economic strategist, said the most likely time for the United States to reach the debt ceiling was October, but it now looks likely to be early in September. If the debt ceiling is reached in September, the crisis of debt default will increase, and the consequences will be very serious. The relevant policy makers should be seriously aware of the possibility and make positive policies to deal with it.
According to the report, analysts at the research center believe that if debt exceeds the ceiling again in September and congressmen fail to make corresponding policies, the U.S. government is likely to face the risk of a standstill again, which will put pressure on the dollar.
Information picture. Xinhua News Agency/French New Article Source: Reference News Network Responsible Editor: Han Yukun_NBJ11142