Has America come close to default, crisis in front of Biden government

This simply means that the US government no longer has money left in the treasury to pay its bills and repay its debts. Since the Treasury's warning, the US has been continuously trying to maintain fiscal reserves, so that the government can continue to pay its bills. But both the major parties of the country have not been able to find a solution to this.
The International Monetary Fund (IMF) also warned last week that if the US defaults, it could lead to economic instability around the world with dire consequences. "If the US defaults, it will have serious consequences not only for the US but for the global economy," said Julie Kozak, the IMF's communications director.
Last week, the US Treasury warned that the Biden government would not have the money to pay bills in June. US Treasury Secretary Janet Yellen, writing a letter to the US Congress, warned the government that due to lack of money in the treasury, we would not be able to pay the dues to th