US to reach $41T debt ceiling as soon as late winter, forecasters predict

The U.S. government is projected to reach its $41.1 trillion debt ceiling next year between late winter and mid-summer, according to the Bipartisan Policy Center. Republicans raised the limit by $5 trillion in 2023 via the One Big Beautiful Bill Act, but the next Congress and President Donald Trump must act to avoid default. The Treasury's extraordinary measures are expected to delay a breach for six to nine months, as public debt is forecast to rise to 120% of GDP within a decade.