Yellen says US could hit debt ceiling as soon as June 1 ...Middle East

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Yellen says US could hit debt ceiling as soon as June 1
"We have learned from past debt limit impasses that waiting until the last minute to suspend or increase the debt limit can cause serious harm to business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States," she said in the letter.

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