U.S. Debt Ceiling Concerns Rise Amid Potential Tax Revenue Shortfall

According to BlockBeats, the Bipartisan Policy Center in the United States has indicated that a model released on Monday suggests the country could breach its debt ceiling between mid-July and October if Congress does not take action. Although the likelihood is low, the possibility of reaching the so-called "X-date" in early June increases if this year's tax revenues fall short of expectations. The U.S. Treasury has not yet predicted the exact day when the federal government would lose its ability to fulfill payment obligations. Wall Street estimates suggest that the "X-date" could arrive as early as late May, according to BNP Paribas, or as late as the end of August or the third quarter, as predicted by institutions like Bank of America, Barclays, and TD Securities.