US Treasury Secretary: The United States is on a 'warning track' of debt ceiling

BlockBeats News: On Tuesday, May 7th, US Treasury Secretary Benson reiterated his warning that the Treasury Department is on a "warning track" of exhausting its ability not to exceed the federal debt ceiling, but he did not provide a specific timetable. When asked by the House Appropriations Committee, Besant stated that we will share with Congress when we believe we are approaching the so-called 'X day'. X day "refers to the date when the Ministry of Finance is unable to pay all government bills on time. He said that the Ministry of Finance is still compiling tax revenue for the latest tax season. The debt ceiling reappeared in early January, and the Treasury Department has been using special accounting operations to avoid exceeding the ceiling while maintaining payments for federal debt. Wall Street analysts estimate that the Treasury Department will not need Congress to raise or shelve the debt ceiling until August to October. Bessent said, "We are on a warning track." He also reiterated that the US government will never default and promised that the Treasury Department will not use "tricks" to circumvent the debt ceiling. (Golden Ten)