US Debt Ceiling Deadline Looms in Late July Amid Default Concerns

Goldman Sachs predicts that the US government is unlikely to hit the debt limit until late July due to a surge in tax collections around the April 18 filing deadline. The deadline is heavily dependent on tax receipts, which are volatile, and economists have been closely watching how collections around the filing deadline shake out. Negotiations between lawmakers have not yet begun in earnest, and a late July deadline would mean it will still be some time before lawmakers begin to seriously wrestle over how to proceed.