The alarm bells are ringing as the Congressional Budget Office (CBO) warns that the US could go broke by late summer 2025 unless Congress takes immediate action.
See the tweet below.
The CBO warned the nation could default on its staggering $36 trillion debt as early as July without raising the debt ceiling.
The Bipartisan Policy Center has issued an urgent warning about the approaching “X-date,” the point at which the government will exhaust its borrowing capacity.
Their analysis shows that Treasury’s resources could be depleted between July and October, with catastrophic consequences if Congress does not intervene.
House Republicans are preparing a comprehensive solution that addresses multiple conservative priorities alongside the debt ceiling increase.
Their proposed bill would raise the debt limit by $4 trillion while implementing crucial measures for border security, energy independence, and a $4.5 trillion tax cut – delivering on President Trump’s agenda while handling the debt issue.
Despite the importance of addressing the debt limit, Washington’s out-of-control spending remains the real issue.
The national debt has reached an unprecedented $36.1 trillion, and the Treasury Department is already taking “extraordinary measures” to delay a default.
House Speaker Mike Johnson (R-LA) is championing a unified approach to solve multiple problems at once.
Rather than simply raising the debt ceiling without reforms, Republicans are seizing this opportunity to deliver real solutions for Americans struggling under Biden-Harris policies.
Johnson’s strategy addresses the debt ceiling while advancing the MAGA agenda on border security, energy, and tax cuts.
The CBO alerted that multiple factors could accelerate the timeline toward default, including lower-than-expected tax revenue, hurricane season impacts, and economic fluctuations.
Treasury Secretary Scott Bessent has only extended the government’s borrowing capacity until June 27, creating a ticking clock for congressional action.
Senate Majority Leader John Thune has proposed a slightly different approach, suggesting a two-bill strategy that separates immigration/energy initiatives from tax cuts.
This has created tension within GOP ranks as leadership works to unify behind a single plan that can pass both chambers while maximizing conservative priorities.
The American people deserve better than another last-minute debt ceiling crisis. Still, they also deserve real solutions to the border invasion, energy dependence, and tax burdens created by liberal policies.
For now, Republicans are working to deliver a comprehensive fix that addresses the debt ceiling while implementing the common-sense conservative policies America voted for in November.
The Congressional Budget Office warned on Wednesday that the government could run out of money to pay its bills as early as August or September if lawmakers fail to address the debt limit. https://t.co/MWAw7k1G1R
— ABC News Politics (@ABCPolitics) March 26, 2025
