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Yellen says US could hit debt ceiling as soon as June 1

Por: WPLG Local 10 Politics May 01, 2023

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WASHINGTON – Treasury Secretary Janet Yellen notified Congress on Monday that the U.S. is projected to reach its debt limit as early as June 1, if the body does not raise or suspend the debt limit before then.In a letter to House and Senate leaders, Yellen urged Congress “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 legal borrowing authority.“We have... + full article



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