Bennett says the US debt has reached the "warning line", unclear as of X day.

U.S. Treasury Secretary Scott Benett has issued a warning again, saying that the "warning line" of running out of operating capacity within the federal debt limit has been reached, but he did not specify when the deadline would arrive. Benett said during a House Appropriations Committee hearing that Congress will be informed when "we believe" the so-called X day is approaching. He stated that the Treasury Department is still calculating tax revenues for the latest reporting season. The so-called X day refers to the time when the U.S. Treasury Department is unable to pay all government bills on time. The U.S. reached the debt limit in early January, and the Treasury Department has been using special accounting operations to maintain federal debt payments while avoiding exceeding the limit. Wall Street analysts estimate that the Treasury Department will not need to increase or suspend the debt limit until August or October. "We are above the warning line," Benett said. He also reiterated that the U.S. government will never default and promised that the Treasury Department will not use "tricks" to circumvent the debt limit.