U.S. still risks breaching debt limit on June 1, Treasury Secretary warns in new letter

WASHINGTON — Treasury Secretary Janet Yellen said Monday that it is "highly likely" the U.S. will run out of money to pay its bills as early as June 1 if the debt ceiling battle isn't resolved by then. The updated timeline comes after Yellen on May 15 set a June 1 deadline for the U.S. to extend…

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