Debt ceiling deadline is extended to June 5, later than previously estimated, Yellen says,Treasury Secretary Janet Yellen said Friday the projected debt ceiling deadline is extended to June 5, four days later than previously estimated. Yellen’s latest letter to legislators on the “X-date” came as Congress broke for the long Memorial Day weekend. Earlier Friday, House Speaker Kevin McCarthy said his Republican debt negotiators and the White House had hit “crunch” time, straining to wrap up an agreement with President Joe Biden to curb federal spending and lift the nation's borrowing limit ahead of the fast-coming deadline.
Debt ceiling deadline is extended to June 5, later than previously estimated, Yellen says
Treasury Secretary Janet Yellen said Friday the projected debt ceiling deadline is extended to June 5, four days later than previously estimated. Yellen’s latest letter to legislators on the “X-date” came as Congress broke for the long Memorial Day weekend. Earlier Friday, House Speaker Kevin McCarthy said his Republican debt negotiators and the White House had hit “crunch” time, straining to wrap up an agreement with President Joe Biden to curb federal spending and lift the nation's borrowing limit ahead of the fast-coming deadline.
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