Yellen warns of potential U.S. default by June 1st.
TL;DR Summary
US Treasury Secretary Janet Yellen has warned that the US government could face default as early as June 1 if Congress does not raise the debt limit. President Biden has invited top Republicans and Democrats to discuss the issue next week. House Republicans have already passed a bill to raise the borrowing limit in exchange for spending cuts, aimed at sparking negotiations with the President.
- Treasury Chief Janet Yellen Says U.S. Risks Default as Soon as June 1 Without Debt Ceiling Increase The Wall Street Journal
- Treasury Secretary: U.S. could default as early as June 1 CBS News
- U.S. Could Run Out of Cash by June 1, Yellen Warns The New York Times
- U.S. could hit debt limit in a month MSNBC
- Daybreak: Yellen Warns US Treasury May Run Dry Bloomberg
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