Last night, the Congressional Budget Office (CBO) announced that if congressional lawmakers fail to raise or suspend the debt ceiling, the federal government could exhaust enough funds as early as August to pay all bills on time. In a statement on Wednesday, CBO stated: If the debt ceiling remains unchanged, the US government's ability to borrow through extraordinary measures may be exhausted by August or September 2025. As the timing and amount of revenue and expenditure in the coming months may differ from the budget office's forecast, the expected date of exhaustion is uncertain. If the government's borrowing demand significantly exceeds its forecast, the funds of the Ministry of Finance may be exhausted at some point in late May or June, which may be before the tax payment is received in mid June or before additional special measures are taken on June 30th Similar to what was said yesterday afternoon, based on the current spending speed of the Ministry of Finance, it is highly likely that the funds in the TGA account of the Ministry of Finance will be depleted by June or July. Earlier this week, the Congressional Bipartisan Policy Center released its estimate for X days, suggesting that the date may be between mid July and October. Wall Street strategists estimate that the date may fall between the end of July and the end of August, but there are also predictions that the timing may be as early as the end of May. It also depends on whether the Ministry of Finance's revenue can exceed expectations before the bonded deadline of April 15th. If the revenue of the Ministry of Finance is lower than expected, there may be a debt ceiling breakthrough as early as mid May. In late February, the House of Representatives passed a budget bill that included a $4 trillion increase in the debt ceiling. The bill is currently being debated in the Senate and also includes a package of tax cuts.