U.S. May Hit Debt Limit Sooner

Goldman Sachs now projects that the U.S. could reach its debt limit “in the first half of June.”

“While the data are still very preliminary, weak tax collections so far in April suggest an increased probability that the debt limit deadline will be reached in the first half of June. At this point we see a slightly greater chance that the deadline is in late July, but this could easily change to a base case of early June if tax receipts continue to undershoot.”