X-date

Janet Yellen sets June 5 as X-Date in US debt-ceiling standoff – Times of India

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[ad_1] WASHINGTON: Treasury secretary Janet Yellen said her department estimates it will run out of funding by June 5 if lawmakers fail to raise or suspend the US debt ceiling.“Based on the most recent available data, we now estimate that treasury will have insufficient resources to satisfy the government’s obligations if Congress has not raised … Read more

US Could Default as Soon as June 1, Says Treasury Secretary Yellen

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[ad_1] Last Updated: May 02, 2023, 04:00 IST In January, Yellen sent a letter to congressional leaders, stating that her department had begun resorting to “extraordinary measures” to avoid a federal government default. (Image: Janet Yellen/Twitter) On Monday, the Congressional Budget Office reported that it saw a greater risk of the U.S. running out of … Read more