USA Treasury says government may default on debt as early as June
Posted: Tue May 02, 2023 5:34 am
US Treasury says government may default on debt as early as June
Read more here:
https://www.aljazeera.com/news/2023/5/1 ... ly-as-june
United States Treasury Secretary Janet Yellen has sent a letter to Republican House Speaker Kevin McCarthy warning him that the federal government could hit its spending limit by June 1 if Congress does not raise the debt ceiling.
In the letter published on Monday, Yellen said available data points to early June as the period when the government will no longer be able to cover its expenses should Congress fail to raise the limit before then.
Read more here:
https://www.aljazeera.com/news/2023/5/1 ... ly-as-june
United States Treasury Secretary Janet Yellen has sent a letter to Republican House Speaker Kevin McCarthy warning him that the federal government could hit its spending limit by June 1 if Congress does not raise the debt ceiling.
In the letter published on Monday, Yellen said available data points to early June as the period when the government will no longer be able to cover its expenses should Congress fail to raise the limit before then.