Former Member of Congress Warns of Collapse of US Economy Next Summer

 Former US Congressman Brandon Weichert warned that a bleak future awaits the US economy, and said that it is at risk of collapse in the summer of this year.

House Speaker Kevin McCarthy plans to discuss measures with US President Joe Biden to prevent defaults in the United States, but Witchert ruled out that the two parties would find a political consensus.

"They are only leaders in a name for their two parties, and their influence is not enough to make a one-size-fits-all decision. A default in the United States will only benefit some so that they can later blame the mistakes of their political rivals," he explained.

He pointed out that Biden and the Democrats plan to approve a bill under which the US budget next year will be $6.8 trillion, and in this case, the US debt will increase further, while McCarthy wants to convince Biden to adopt a more balanced budget.