CBO's Swagel: US debt ceiling deadline expected late summer, but could come forward

Director of the United States (US) Congressional Budget Office (CBO) Phillip Swagel noted on Monday that while US revenue projections are holding steady, the next iteration of the US's routine debt ceiling showdown could be pushed forward if government spending and revenue conditions deteriorate.

Key highlights

I still see late summer for the debt-ceiling x-date.

The US still has the trust of global investors.

US revenues are coming in line with projections.

Of course, it is possible that the X-date estimate for the debt ceiling could come forward.