US Debt Ceiling Default Deadline Is Still Early June, Yellen Warns

US Debt Ceiling Default Deadline Is Still Early June, Yellen Warns
U.S. Secretary of the Treasury Janet Yellen speaks during the 2023 Independent Community Bankers of America Capital Summit in Washington on May 16, 2023. Alex Wong/Getty Images
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Treasury Secretary Janet Yellen reiterated her projection that the U.S. debt ceiling default deadline is early June, when her department might exhaust the extraordinary measures that have been employed since January.

Yellen confirmed at a virtual Wall Street Journal CEO Summit on May 24 that she would soon update Congress about government finances, adding that payment prioritization isn’t operationally feasible and that the Treasury will be unable to cover some obligations following the so-called X-date.
Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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