Janet Yellen’s Warning: US Debt Limit Breach Imminent on June 1

Janet Yellen's Warning: US Debt Limit Breach Imminent on June 1

Yellen warns of US debt limit breach by June 1 in letter to Speaker McCarthy. Negotiations between Biden and McCarthy ongoing, with an impasse on debt limit increase. House passed increase with spending cuts, rejected by Biden and Democratic leaders. Senate yet to pass companion bill. Time running out as negotiations continue at White House. McCarthy threatens to cancel House recess without a deal.

Read more at Fox Business

Summary
Janet Yellen's Warning: US Debt Limit Breach Imminent on June 1
Article Name
Janet Yellen's Warning: US Debt Limit Breach Imminent on June 1
Description
Yellen warns of US debt limit breach by June 1 in letter to Speaker McCarthy.
Author
Publisher Name
Fox Business
Publisher Logo

Leave a Comment

Your email address will not be published.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