US Government to Raise its Debt Ceiling Soon? - Forex News by FX Leaders
US debt in focus

US Government to Raise its Debt Ceiling Soon?

Posted Tuesday, July 16, 2019 by
Arslan Butt • 1 min read

A few days ago, we wrote about how the US government could soon breach its debt limit. On Monday, Treasury Secretary Steven Mnuchin confirmed that the US government and Congress were soon to finalize a deal to raise the US debt ceiling before the summer recess.

According to latest estimates, the US’s borrowing authority could estimate as soon as September, with the public debt crossing $22 trillion. If the debt limit is not raised by the government and Congress, it could potentially impact government spending and lead to a government shutdown, at least partially.

Mnuchin and Congress leaders are also in discussions for a two-year budget deal, which could set federal spending levels for 2020 as well as for 2021. Both parties are planning to not only raise the debt ceiling but also finalize a budget pact.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
Related Articles
Comments
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments