The federal government could default on its debt as soon as July, a new forecast from the Bipartisan Policy Center warns, raising pressure on Congress for action.
The prominent think tank forecast Monday that the so-called “X-Date” would likely arrive between mid-July and early October.
National debt doesn’t work like personal debt. It’s much more complex.
Anyway if all government spending stopped due to a default it would get very very bad. Like you don’t have food to eat bad