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Yellen Puts June 5 as Default Date if Debt Limit Isn’t Raised

Por: MarketWatch Business May 26, 2023

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Yellen had originally penciled in June 1 as the date that the government would default on its debt. Biden and McCarthy seem to be reasonably close to reaching a deal but are heading into the long Memorial Day weekend.   An outline of a deal has emerged that would raise the debt ceiling for the next two years and that would cap overall federal spending. It may possibly claw back some of the $80 billion that Congress had approved to strengthen... + full article



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