Yellen spoke on Sunday in the US in an interview on NBC’s “Meet the Press”:
- “I indicated in my last letter to Congress that we expect to be unable to pay all of our bills in early June and possibly as soon as June 1. And I will continue to update Congress, but I certainly haven’t changed my assessment. So I think that that’s a hard deadline”
Yellen said that will be difficult choices to make if debt ceiling isn’t increased:
- chance of reaching June 15 (when further tax receipt income is due) quite low before the government runs out of money
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The two peak players in the debt negotiations, Biden and McCarthy will meet again on Monday.