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Janet Yellen debt default

Treasury Secretary Yellen Warns US Could Default on Its Debt by June 1

Treasury Secretary Yellen Warns US Could Default on Its Debt by June 1U.S. Treasury Secretary Janet Yellen has warned that the Treasury will not be able to pay all of the government’s debt “as early as June 1, if Congress does not raise or suspend the debt limit before that time.” Yellen also cautioned that the U.S. defaulting on its debt obligations “would produce an economic and […]

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