Debt Default ‘X-Date’ Now Set For June 5—Not June 1
forbes.com/sites/antoniopequenoiv/2023/05/26/debt-default-x-date-now-set-for-june-5-not-june-1-buying-white-house-and-gop-precious-negotiating-time
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 forbes.com, 2023-05-26.