The US Congressional Budget Office said on Monday that the government may run out of funds to meet its repayment obligations between mid-August and the end of September. The non-partisan agency CBO's latest estimate for the so-called day X has been delayed by at least two weeks compared to its March forecast. This could give Congress more time to agree on raising the federal debt ceiling as part of President Donald Trump's tax cuts. The debt ceiling came back into effect at the beginning of this year. Since then, the Treasury has been using special accounting methods to avoid breaking through the upper limit, while still being able to fulfill federal repayment obligations on time. The Republicans added a measure to Trump's “Big Beautiful Bill” that would give the Treasury trillions of dollars in additional borrowing rights. The bill is currently being considered in the Senate. “The CBO currently estimates that if the debt ceiling remains unchanged, the government's ability to borrow using extraordinary measures may be exhausted between mid-August and the end of September 2025,” the agency wrote in its monthly budget report released on Monday.

The US Congressional Budget Office said on Monday that the government may run out of funds to meet its repayment obligations between mid-August and the end of September. The non-partisan agency CBO's latest estimate for the so-called day X has been delayed by at least two weeks compared to its March forecast. This could give Congress more time to agree on raising the federal debt ceiling as part of President Donald Trump's tax cuts. The debt ceiling came back into effect at the beginning of this year. Since then, the Treasury has been using special accounting methods to avoid breaking through the upper limit, while still being able to fulfill federal repayment obligations on time. The Republicans added a measure to Trump's “Big Beautiful Bill” that would give the Treasury trillions of dollars in additional borrowing rights. The bill is currently being considered in the Senate. “The CBO currently estimates that if the debt ceiling remains unchanged, the government's ability to borrow using extraordinary measures may be exhausted between mid-August and the end of September 2025,” the agency wrote in its monthly budget report released on Monday.