The United States is threatened with defaulting on its debts “as of June 1”
US Treasury Secretary Janet Yellen warned Monday that the United States is threatening to default on its debts as of the beginning of June, amid a dispute between Republicans and Democrats over raising the borrowing ceiling.
“Our best estimate is that we will be unable to continue to meet all of the government’s obligations by early June, possibly as early as June 1, if Congress does not raise or suspend the debt ceiling before that date,” Yellen said in a letter to Republican Speaker of the House Kevin McCarthy. .
