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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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WASHINGTON—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.
Read more on wsj.comAbout this in other media
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
Here’s What Treasury, Fed Might Do in a Debt Ceiling Crisis wsj.com /1 year ago
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