Yellen Expects U.S. to Run Out of Cash by June 5 as Debt Talks Continue

Written by on May 26, 2023

Treasury Secretary Janet L. Yellen said on Friday that the United States will run out of money to pay its bills on time by June 5, moving the goal post slightly while maintaining the urgency for congressional leaders to reach a deal to raise or suspend the debt limit.

The letter provided the most precise date yet for when the United States is likely to run out of . . .

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