Treasury Chief Janet Yellen Says U.S. Risks Default as Soon as June 1 Without Debt Ceiling Increase
WASHINGTON—Treasury Secretary Janet Yellen said the U.S. government could become unable to pay all of its bills on time as soon as June 1 if Congress doesn’t first raise the debt limit.
The new forecast released Monday gives Republicans and Democrats a matter of weeks to reach an agreement on raising the nation’s roughly $31.4 trillion borrowing limit.
WASHINGTON—Treasury Secretary Janet Yellen said the U.S. government could become unable to pay all of its bills on time as soon as June 1 if Congress doesn’t first raise the debt limit.
The new forecast released Monday gives Republicans and Democrats a matter of weeks to reach an agreement on raising the nation’s roughly $31.4 trillion borrowing limit.
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