US Treasury Secretary Janet Yellen said Friday the projected debt ceiling deadline is extended to June 5, four days later than previously estimated. Yet, Yellen renewed her warning in a letter to Congress that inaction on raising the borrowing limit would cause severe hardship. Yellen's latest letter to legislators on the X-date came as Congress broke for the long Memorial Day weekend. She said that the Treasury Department had deployed an extraordinary measure not used since 2015 to get the US financial position to this point. The X-date arrives when the government no longer has enough of a financial cushion to pay all its bills, having exhausted the measures it's been using since January to
Hence then, the article about us debt ceiling deadline extended to june 5 later than estimated yellen was published today ( ) and is available onBusiness Standard ( 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 Debt ceiling deadline extended to June 5, later than estimated: Yellen )