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X marks the spot: Yellen tells Congress US could run out of money to pay all its bills by June 5

Por: ABC News Business May 27, 2023

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WASHINGTON -- Treasury Secretary Janet Yellen told Congress on Friday that the U.S. could default on its debt obligations by June 5 — four days later than previously estimated — if lawmakers do not act in time to raise the federal debt ceiling.Yellen’s letter comes as Congress breaks for the three-day Memorial Day weekend, and as tensions build over whether a deal between the White House and Republicans in Congress will be struck in... + full article



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