US Treasury Secretary Yellen wrote on the twenty sixth to Speaker of the House McCarthy and different congressional management that if Congress doesn’t reply to elevating the debt ceiling, it might fall into debt default on June fifth. offered an outlook for Until now, the deadline has been June 1st on the earliest, so there’s a small quantity of leeway within the schedule. “Failure to raise the debt ceiling will cause serious hardship to American families and call into question our ability to protect our national security interests,” Yellen instructed Congress. I as soon as once more urged them to behave shortly.
Source
US debt ceiling downside “Possibility of default on the 5th of next month” Secretary of the Treasury | NHK
