Yellen says US will run out of money by June 5 if debt ceiling not raised

The Hill ^ | 05/26/2023 | ARIS FOLLEY

[ChicagoConservative27]

Treasury Secretary Janet Yellen on Friday notified lawmakers the nation will run out of money to pay its bills by June 5 if they do not raise the debt ceiling.

“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 told leaders.

The update may offer negotiators who were working with an estimated June 1 “X-date” more breathing room to clinch a deal to raise the debt ceiling, but it also sets a hard deadline.

[ChicagoConservative27]

Liar liar troll on fire

[dfwgator]

Good.

[PGR88]

Total BS

Fed.gov collects about $4.8 TRILLION in Taxes this year. I believe the projection is about same for next year.

[mikelets456]

BS! Whatever they say I believe the complete opposite

[Paladin2]

Show your work, commie.

[House Atreides]

GET MONEY FROM ZELENSKY AND HIS MERRY BAND OF UKRAINIANS GRIFTERS.

[Paladin2]

Post Date some checks until the “Quarterly” Estimated Tax payments hit the vault on June 15th.

[Gaffer]

Take her damn paycheck and bonuses first

[Leaning Right]

> Whatever they say I believe the complete opposite <

Mr. Carlin agrees with you.

[joma89]

Once again...shut it down.

[Revel]

“Fed.gov collects about $4.8 TRILLION in Taxes this year. I believe the projection is about same for next year.”

And the interest on the debt will be around 600 Billion. So much for liberal math.

[Golden Eagle]

The Debt and Defense are all that needs to be paid pronto. Should leave plenty left to hold out for actual cuts.

[mrmeyer]

Live within your means district of criminals.

[LegendHasIt]

Gee, Janet, just get your co-conspirators at the Federal Reserve to print more fiat, to add another eight or nine 0s behind the numbers on the government checking accounts like they always do when there is an ‘emergency’.

[ridesthemiles]

There are PAYROLL DEDUCTION DEPOSITS made every week my businesses in the USA.

The Treasury accounts are NOT EMPTY/

Have made many of those actual deposits myself when doing payrolls.

[proust]

And who’s fault is that?

[grimalkin]

“Based on the most recent available data, we now estimate that Treasury will have insufficient resources to satisfy the government’s obligations out of control thieving and spending if Congress has not raised or suspended the debt limit by June 5,” Yellen told leaders.

[ridesthemiles]

By-—Not my

[butlerweave]

The digital dollar Biden is putting in place is that worthless shouldn’t congress be the one to implement something like that

[proust]