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US may default by June unless debt limit is raised; Biden looks to meet with Congress

Por: ABC7 World May 02, 2023

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-- for the first time in history -- as early as June 1, Treasury Secretary Janet Yellen wrote in a letter to House Speaker Kevin McCarthy and other top lawmakers on Monday in which she urged Congress to act as soon as possible.Yellen's update further underlined both the , and the potential and should the stalemate not be broken in the coming weeks.We have learned from past debt limit impasses that waiting until the last minute to suspend or... + full article



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