Yellen says new default deadline is June 5

  • 📰 politico
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 59%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Treasury Secretary Janet Yellen said Friday that lawmakers now have until June 5 to raise the nation’s debt limit and avoid a catastrophic default, providing a bit more breathing room for negotiators.

Treasury Secretary Janet Yellen leaves after an open session of a Financial Stability Oversight Council meeting at the Department of the Treasury on April 21, 2023, in Washington, D.C. | Alex Wong/Getty Images

House Republicans and the White House are struggling to finalize a debt deal, hung up on disagreements over work requirements for social safety net programs and overall spending levels. The new date gives negotiators a few more days than expected, since Yellen had previously said the nation could default as soon as June 1.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 381. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Markets don't believe Yellen's June 1 X-date for US debt: Jim BiancoMarkets don't believe Yellen's warning that the US government will be out of money by June 1, Jim Bianco says
Source: BusinessInsider - 🏆 729. / 51 Read more »

Yellen says government could run out of cash by June 5 without debt ceiling agreementYellen has sent Congress several warnings that the Treasury will run out of cash to pay all of the government's obligations in early June
Source: FoxBusiness - 🏆 458. / 53 Read more »

Congress must address debt ceiling by June 5, Yellen warns | CNN PoliticsCongress must address the debt ceiling by June 5 or the US Treasury will not have enough funds to pay all of the nation’s obligations in full and on time, Treasury Secretary Janet Yellen said Friday.
Source: CNN - 🏆 4. / 95 Read more »

Debt ceiling deadline is extended to June 5, later than previously estimated, Yellen saysTreasury Secretary Janet Yellen said in a letter Friday to Congress that inaction on raising the borrowing limit would “cause severe hardship.”
Source: TucsonStar - 🏆 339. / 59 Read more »

Yellen says U.S. could default June 5 without debt-ceiling increaseTreasury Secretary Janet Yellen on Friday said Congress must raise or suspend the U.S. debt ceiling by June 5 or risk a default. Yellen had previously said...
Source: MarketWatch - 🏆 3. / 97 Read more »

Debt ceiling deadline is extended to June 5, later than previously estimated, Yellen saysHouse Speaker Kevin McCarthy and debt ceiling negotiators have hit 'crunch' time as they strain to make a deal with the White House to raise the nation's debt limit, avert default and cut federal spending
Source: abc7newsbayarea - 🏆 529. / 51 Read more »