US treasury secretary revises default deadline ...News

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US treasury secretary revises default deadline
source : Russia Today ( News ) () 88
Janet Yellen says the government has a few more days to argue over the debt ceiling before it runs out of cash US Treasury Secretary Janet Yellen has extended the deadline for the potentially devastating default, as President Joe Biden and Republican lawmakers are struggling to reach a deal on the federal borrowing cap limit. “Based on the most recent available data, 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,” Yellen wrote in a letter to lawmakers on Friday. Biden claimed a deal seemed “ver

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