X marks the spot: Yellen tells Congress US could run out of money to pay all its bills by June 5


Treasury Secretary Janet Yellen told Congress on Friday that the U.S. could default on its debt obligations by June 5 — four days later than previously estimated — if lawmakers do not act in time to raise the federal debt ceiling.
Yellen’s letter comes as Congress breaks for a long Memorial Day weekend, and tensions build over whether a deal between the White House and…

This story appeared on news.yahoo.com, 2023-05-26.
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