The Treasury Department said the US could default on June 5 after adjusting the projected date by a few more days and before a debt ceiling agreement is reached.
US Treasury Secretary Janet Yellen informed Congress on Friday that unless an agreement is reached to raise or suspend the debt ceiling, the government could default on payments on June 5, four days later than the originally anticipated date (June 1). .
Faced with the risk of the U.S. government running out of money to pay the bills, debt ceiling talks are deadlocked by a fundamental divergence: Republicans say they will only approve an increase if the federal government restrains itself in spending. public, despite Biden saying he is sticking to his campaign promises.
Author: Portuguese
Source: CM Jornal
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