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Yellen says US could default as soon as June 1

Por: ABC News Business May 01, 2023

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WASHINGTON -- Treasury Secretary Janet Yellen notified Congress on Monday that the U.S. could default on its debt as early as June 1, if legislators do not raise or suspend the nation's statutory borrowing authority before then.In a letter to House and Senate leaders, Yellen urged congressional leaders “to protect the full faith and credit of the United States by acting as soon as possible” to address the $31.4 trillion limit on its... + full article



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