Hakeem Jeffries

U.S. could default as early as June 1, Yellen warns Congress

BY: - May 1, 2023

U.S. Treasury Secretary Janet Yellen warned Monday that the U.S. could default in as soon as one month if Congress does not act to raise the nation’s borrowing limit — a prediction that prompted President Joe Biden to call a meeting with congressional leaders next week. In a letter to lawmakers, Yellen wrote that after […]