U.S. will run out of money on June 5: Yellen

U.S. will run out of money on June 5: Yellen

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Treasury Secretary Janet Yellen has given Congress a more precise date — June 5 — for when the U.S. government will hit the debt ceiling and run out of money to pay its bills. Why it matters: Yellen's previous warnings estimated the U.S. would hit the so-called X-date by June 1, but her latest…

#treasury #janetyellen #kevinmccarthy #patrickmchenry

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