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02.05.2023

The US may reach its ceiling debt is already June 1

US Secretary of the Treasury: the country could reach its debt ceiling as soon as June 1, earlier than we expected.

• The US could face defaulting on its debt obligations sooner than expected, Treasury Secretary Janet Yellen warned in a letter to House Speaker Kevin McCarthy.

• Yellen said falling tax revenues mean the US could hit its debt ceiling as soon as June 1, earlier than Wall Street and Washington had expected.

• In light of the new, more negative outlook, President Joe Biden is calling congressional Big Four leaders to a meeting May 9 at the White House to discuss the debt limit.

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01.03.2024, 03:38