Posted on 05/01/2023 4:45:48 PM PDT by Responsibility2nd
The US could default on its obligations as soon as June 1 if Congress doesn’t address the debt limit before then, Treasury Secretary Janet Yellen said Monday.
“After reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy all of the government’s obligations by early June, and potentially as early as June 1, if Congress does not raise or suspend the debt limit before that time,” Yellen wrote in a letter to House Speaker Kevin McCarthy.
The accelerated timetable increases pressure on President Joe Biden and House Republican lawmakers to ramp up their debt ceiling discussions. After months of talks being at a standstill, the president called all four congressional leaders on Monday afternoon and invited them to a May 9 meeting.
~snip~
Talks at a standstill
Biden told the congressional leaders – Senate Majority Leader Chuck Schumer, Senate Minority Leader Mitch McConnell, House Minority Leader Hakeem Jeffries and McCarthy – that he wants to discuss the need to pass a clean bill to raise the debt ceiling.
The White House is maintaining its position that it will not negotiate over the debt ceiling.
(Excerpt) Read more at cnn.com ...
Clockwise or counter-clockwise?
Or it won't matter?
Well, they just got my payment with my return extension form so that should run the government for an extra microsecond or so.
Poor planning, Janet.
Learn to budget better.
She should borrow some from Zelinsky and the Biden, they’ve got lots of USA’s cash.
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