Janet Yellen has warned that Washington may run out of cash as early as June 1 US Treasury Secretary Janet Yellen has doubled down on her warnings about the nation’s debt ceiling, saying the federal government will run out of money to pay its bills as soon as June 1 unless Congress enables it to increase borrowings. “It is highly likely that Treasury will no longer be able to satisfy all of the government’s obligations if Congress has not acted to raise or suspend the debt limit by early June, and potentially as early as June 1,” Yellen said on Monday in a letter to US House Speaker Kevin McCarthy. Yellen has repe
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