Debt Default ‘X-Date’ Now Set For June 5—Not June 1

Treasury Secretary Janet Yellen unexpectedly marked June 5 as the new deadline for avoiding a debt default in a letter to House Speaker Kevin McCarthy (R-Calif.) on Friday afternoon—not long after GOP leaders indicated their optimism in getting a debt ceiling deal completed despite mounting disagreements with the Biden Administration.
The estimate buys the White House and GOP…

This story appeared on, 2023-05-26.
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