The US could default on its $36 trillion debt as early as July and no later than October without congressional action, according to a study released Monday. The Bipartisan Policy Center estimated that members of Congress will have to vote to increase the debt ceiling before the limit is breached for the federal government to be able to keep paying its bills on time.

The US could breach the debt ceiling sometime between mid-July and October if Congress does not act, according to the Bipartisan Policy Center.

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.