The Treasury Department and the Congressional Budget Office warned that the country will soon be unable to make payments on its obligations. According to the department, this will happen in July - September of this year. The consequence will be a postponement of payments for certain activities, default or both, it said in his report. Information is cited by Prime agency.

On the approaching U.S. default warned and head of the Treasury Jennet Yellen, who again pointed to its disastrous consequences for the U.S. economy. In particular, investment for business and government, as well as loans for the population will become much more expensive. In addition, the state will not be able to make full social payments, which will affect millions of Americans.

The way out of the situation and the administration, and the Treasury see only in the next increase in the limit amount of public debt, in 2022 amounted to 123% of GDP. According to the World Bank, a much smaller volume of 77% is considered problematic. Meanwhile, the U.S. Department of State announced plans to provide Ukraine with additional funding of $9.9bn in the coming months.