Yellen warns of early-June debt limit deadline for US Treasury.

Treasury Secretary Janet Yellen has warned that the US is still at risk of defaulting in early June, putting pressure on the ongoing debt talks between the White House and Republicans. The new forecast suggests that negotiations to raise the nation’s borrowing cap could come down to the wire, with the elusive X-date potentially less than three weeks away. President Joe Biden and congressional leaders are set to meet at the White House on Tuesday as staff-level talks continue over a deal that could potentially lift the nation’s borrowing cap and restrict federal spending.