US bankruptcy looming on June 5th – US

2023-05-27 08:56:09

Washington – US Treasury Secretary Janet Yellen has increased her pressure on the US debt dispute and updated her forecast of the impending default. Based on the latest available data, she now estimates her department would run out of funds if Congress doesn’t raise or suspend the debt ceiling by June 5, Yellen wrote Friday to the Republican speaker of the US House of Representatives.