See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Yellen says US will run out of money by June 5 if debt ceiling not raised

Posted on AllSides May 26th, 2023
From The Center
Annabelle Gordon

Treasury Secretary Janet Yellen on Friday notified lawmakers the nation will run out of money to pay its bills by June 5 if they do not raise the debt ceiling.

“Based on the most recent available data, we now estimate that Treasury will have insufficient resources to satisfy the government’s obligations if Congress has not raised or suspended the debt limit by June 5,” Yellen wrote to leaders.

The update may offer negotiators who were working with an estimated June 1 “X-date” more breathing room to clinch a deal to...

Read full story
https://thehill.com/business/budget/4022902-yellen-says-treasury-will-run-out-of-money-by-june-5-if-debt-ceiling-not-raised/

More News about Politics from the Left, Center and Right

From the Left

From the Center

From the Right