Debt ceiling deadline looms: June 5th.
TL;DR Summary
US Treasury Secretary Janet Yellen has warned that if Congress does not address the debt ceiling by June 5, the Treasury Department will not have enough funds to pay all of the nation’s obligations in full and on time. Negotiators are moving closer to an agreement, but several sticking points remain, including the size of spending cuts and broadening of work requirements in safety net programs. The new deadline gives the president and lawmakers a few more days to craft a package.
- Congress must address debt ceiling by June 5, Yellen warns CNN
- Treasury Expects to Run Out of Cash by June 5 The New York Times
- Debt ceiling: Treasury Secretary Janet Yellen pushes "X" date back to June 5 | LiveNOW from FOX LiveNOW from FOX
- Yellen estimate government will run out of cash by June 5 without debt ceiling agreement Fox Business
- Debt ceiling negotiators race to cement final deal before default deadline The Washington Post
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