Treasury: Debt Limit Day June 1

  • Treasury Secretary Janet Yellen has announced on Monday that the deadline to raise the debt ceiling or risk an American default could be as early as June 1st.
  • “After reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy all of the government’s obligations by early June, and potentially as early as June 1, if Congress does not raise or suspend the debt limit before that time,” Yellen wrote in a letter to Congress.
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