The expert ruled out a default in the United States due to government debt

The United States is not in danger of default due to economic reasons, but the situation is complicated by the legislative debt limit. This opinion was shared by Yuri Ichkitidze, senior analyst at Freedom Finance Global, in an interview with Izvestia on March 24.

Earlier in the day, it was reported that a default on the US government debt could occur between mid-July and early October, according to analysts at the Bipartisan Policy Center. This is reported by The New York Times (NYT).

"There are no economic reasons for a default in the United States. There is a legislative feature related to reaching the limit of the national debt. Because of this, the United States is currently unable to finance the budget deficit with new loans and has been forced to reduce the amount of cash in Treasury accounts since January 2025. Cash reserves can really last for 2-4 months," Ichkitidze explained.

According to him, in order to avoid default, Republicans and Democrats need to agree on raising the national debt limit.

"As it has been several times before, the adoption of this document was the subject of political bargaining, but it was always accepted at the last moment because representatives of both parties understood the consequences of a US default on financial markets. Most likely, it will be the same now," the analyst added.

The expert believes that the current situation does not pose a serious risk to the markets, but it may affect political processes.

"We do not consider this to be a significant risk for financial markets now, however, we note that this may be an important political argument capable of forcing US President Donald Trump to make concessions on many issues," Ichkitidze summed up.

The head of the US Treasury, Janet Yellen, announced on January 18 that the introduction of emergency measures to prevent default in the United States would begin on January 21. According to her, the time period during which measures can be taken to prevent default has not been determined. However, according to the "debt suspension period," certain payments and transactions will be suspended until March 14. The Finance minister also called on Congress to "act promptly."