Treasury says it won’t run out money until at least June 5, buying time for debt ceiling talks
Treasury Secretary Janet Yellen said Friday that the United States will likely have enough reserves to push off a potential debt default until June 5. The new date Friday provided some much needed breathing room to negotiations between the White House and congressional negotiators that appeared to be closing in on a compromise agreement Friday to raise the debt ceiling for two years. The last time the so-called “X date” was updated was on May 1, when Yellen told Congress the United States had enough cash available to meet its obligations until “early June, and potentially as early as June 1.” Markets closed ... (full story)
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