The model indicates that the US debt ceiling could be breached as early as mid-July.

BlockBeats News, March 24th, the Bipartisan Policy Center in the United States stated that a model released on Monday showed that the United States could hit the debt ceiling sometime between mid-July and October if Congress does not take action. While the likelihood is low, if this year's tax revenues fall below expectations, the so-called "X Date" could rise as early as the beginning of June. The U.S. Treasury Department has not predicted which day the X Date will occur, when the federal government will be unable to fulfill its payment obligations. Wall Street estimates that the "X Date" could arrive as early as the end of May (estimated by BNP Paribas), or as late as the end of August or the third quarter (forecasted by Bank of America, Barclays, and Deutsche Bank, among other institutions). (FX678)