Claims
Invezz"If Congress does not act, the US could default on its debt obligations by mid-2025, a scenario that, year by year, looks more realistic."Aug 01, 2025
Donald Trump"I say to the Republicans out there – congressmen, senators – if they don't give you massive cuts, you're going to have to do a default."Apr 12, 2025
Scott Bessent"There is reasonable probability that the federal government's cash and extraordinary measure will be exhausted in August."May 09, 2025
Bipartisan Policy Center
"BPC currently projects that the X Date [when the US could default] will most likely fall between August and early October."Aug 01, 2025
Congressional Budget Office"If the debt limit remains unchanged, the government's ability to borrow using extraordinary measures will probably be exhausted in August or September 2025."Jul 06, 2025
Edward Yardeni"The U.S. government won't default on its debt. The fear that it might do so is not justified."May 27, 2025
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U.S. Government Accountability Office (GAO)"If Treasury exhausts its borrowing authority and runs out of cash to continue paying government obligations, a default will occur."Dec 11, 2024
American Action Forum"A failure to act on the debt ceiling would force the federal government to default on its financial obligations."May 12, 2025
