US may risk debt default as early as June 1, says Yellen ...Middle East

WASHINGTON: The United States could run out of money to pay its financial obligations – risking a catastrophic default – as early as the start of June, Treasury Secretary Janet Yellen said yesterday, as policymakers tussle over raising the debt ceiling.Last week, the Republican-led House of Representatives voted to lift the national borrowing limit, but only with drastic cuts as they sought a showdown with President Joe Biden, a Democrat, over what they see as excessive spending.Republicans were determined to muscle the Limit, Save, Grow Act through the lower chamber of Congress to strengthen their position in negotiations with Biden, who has refused to agree to spending cuts. But the act ha

Hence then, the article about us may risk debt default as early as june 1 says yellen was published today ( Tuesday 02/05/2023 - 04:52 AM ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( US may risk debt default as early as June 1, says Yellen )

Also on site :

• Teens arrested after large disturbance, multiple fights at Joliet mall
• Transcript: Bank of America CEO Brian Moynihan on "Face the Nation with Margaret Brennan," Dec. 28, 2025
• Feel Free customers say the kratom drink is making them sick. Toothless FDA rules on dietary supplements are helping it remain a bestseller