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Treasury Chief Janet Yellen Says U.S. Risks Default as Soon as June 1 Without Debt Ceiling Increase
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wsj.comWASHINGTON—Treasury Secretary Janet Yellen said the U.S. government could become unable to pay all of its bills on time as soon as June 1 if Congress doesn’t first raise the debt limit.
President Biden on Monday invited the top Republicans and Democrats on Capitol Hill to meet next week to discuss raising the country’s roughly $31.4 trillion borrowing limit, the White House said soon after Ms. Yellen’s warning.
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Biden to continue US debt ceiling talks as McCarthy warns time is ‘very short’ theguardian.com /1 year ago
What is the US debt ceiling and what will happen if it is not raised? theguardian.com /1 year ago
US economy inches toward default amid Biden-McCarthy debt ceiling deadlock theguardian.com /1 year ago
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