Default of payment possible from June 1

2023-05-15 23:12:01

Home stretch. The United States could be in default as early as June 1 if no agreement is reached in Congress to raise the debt ceiling, Treasury Secretary Janet Yellen warned again on Monday, reporting data updated.

This June 1 date was published in early May, and was maintained on Monday, “with additional information now available,” said Janet Yellen in a letter to Republican House Leader Kevin McCarthy. He is due to meet President Joe Biden on Tuesday to try to reach an agreement on the debt ceiling.