Biden and Kevin McCarthy
US President Joe Biden and House Speaker Kevin McCarthy depart the US Capitol on Saint Patrick's Day.
  • The US government may hit its debt limit in June, which would be sooner than anticipated, Goldman Sachs says. 
  • "Weak" tax collections point to an increased probability the deadline will be reached in the first half of June.
  • The US could default on its debt load of $31 trillion if the limit isn't increased by a politically divided Congress. 

The US may hit its crucial debt-limit deadline sooner than anticipated, according to Goldman Sachs, putting the country on the fast track to a harmful default on its financial obligations.