to 4.9%, that's well above the central bank's 2% goal, meaning Americans are paying substantially more for everything from gas to groceries."We'd like to see more transparency on how they come to that date," House Majority Leader Rep. Steve Scalise said at a press conference Tuesday, adding Yellen"implied that it's June 1, or later, giving some openness to the idea that June 1 may not be the so-called X-date.
"I think she should come in here and tell us exactly how she arrived at June 1," Donalds, who sits on the House Financial Services Committee, said. "I think she's coming to the Financial Services on June 7th," he said, during which"I'm gonna be asking her about it, about her calculations on X-date because she is the one that's signaling to the Treasury markets and—and to the bond market—what the debt ceiling date actually is. Nobody else has that authority except her.
Because of the difficulty predicting tax receipts and government outlays, she added,"the actual date that Treasury exhausts extraordinary measures could be a number of weeks later than these estimates," referring to
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