Yellen Says ‘Low’ Odds Of U.S. Paying All Bills Past Mid-June Without Debt Ceiling Deal

  • Treasury Secretary Janet Yellen views mid-June as the likely time period when the United States can no longer pay all its obligations without a debt ceiling deal.
  • During a Sunday appearance on NBC News, Yellen gave her most specific prediction to date as talks between the White House and Congress appear to hit a snag.
  • “What is the likelihood we can get to the June 15th tax receipts to avoid breaching the debt ceiling? Can you put a percentage on it? Is it 20%, 40%, something like that?” asked “Meet the Press” moderator Chuck Todd.
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