Treasury Secretary Janet Yellen on Monday said the U.S. won’t be able to pay all its bills by early June, and as soon as June 1, if Congress doesn’t raise...
Treasury Secretary Janet Yellen on Monday said the U.S. won’t be able to pay all its bills by early June, and as soon as June 1, if Congress doesn’t raise the debt ceiling.
Yellen’s fresh warning came shortly before President Joe Biden and House Speaker Kevin McCarthy are scheduled to meet to discuss the borrowing limit. McCarthy, a California Republican, told reporters on Capitol Hill that a deal needs to happen this week. He said it’s “still possible” to get an agreement through Congress by June 1.
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US Treasury Secretary Yellen: June 1 remains a 'hard deadline' for raising the Federal debt limitUS Treasury Secretary Yellen: June 1 remains a “hard deadline” for raising the Federal debt limit – by anilpanchal7 UnitedStates FiscalPolicy Politics RiskAppetite NewsTrading
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'Hard choices' will need to be made about which bills go unpaid if the debt ceiling is not raised, Yellen saysTreasury Secretary Janet Yellen warned that the United States could default on its debt in June.
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Treasury Secretary Yellen says 14th Amendment wouldn’t be ‘appropriately used’ for debt ceilingTreasury Secretary Janet Yellen said Sunday that President Biden invoking the 14th Amendment to circumvent Congress and lift the debt ceiling to avoid default is not likely legally sound.
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Yellen says early June is 'hard deadline' for raising debt limit, warns bills will go unpaid'There will be hard choices to make about what bills go unpaid' if Congress and the White House fail to reach a deal in time, Treasury Secretary Janet Yellen said on “Meet the Press.'
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Janet Yellen reaffirms June 1 as hard deadline to raise the debt ceiling | CNN BusinessTreasury Secretary Janet Yellen reaffirmed June 1 as the “hard deadline” for the US to raise the debt ceiling or risk defaulting on its obligations.
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Impasse continues in negotiations over debt ceiling crisisThere appeared to be no significant progress Saturday in debt ceiling talks as the impasse between the White House and Republican congressional leaders continued.
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