Corp 1000

: Yellen says U.S. could default June 5 without debt-ceiling increase

Treasury Secretary Janet Yellen on Friday said Congress must raise or suspend the U.S. debt ceiling by June 5 or risk a default. Yellen had previously said June 1 for a default. “We now estimate that Treasury will have insufficient resources to satisfy the government’s obligations if Congress has not raised or suspended the debt limit by June 5,” she wrote in a letter to lawmakers. Debt-ceiling talks are continuing between the Biden White House and congressional Republicans.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous post : 2-year Treasury yield heads for biggest weekly advance since September on growing chance of another Fed rate hike
Next post : Broadcom stock streaks to records, leads S&P 500 gainers