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Debt ceiling deadline is extended to June 5, later than previously estimated, Yellen says

Por: ABC7 Politics May 26, 2023

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WASHINGTON -- Treasury Secretary Janet Yellen said Friday the projected debt ceiling deadline is extended to June 5, four days later than previously estimated.Yet, Yellen renewed her warning in a letter to Congress that inaction on raising the borrowing limit would cause severe hardship.Yellen's latest letter to legislators on the X-date came as Congress broke for the long Memorial Day weekend. She said that the Treasury Department had... + full article



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