Treasury Confirms Default as Soon as June 1 Without Debt Limit Hike


dollar crisis worthy christian news

(Worthy News) – The Treasury Department reiterated Monday it expects to be able to pay the U.S. government’s bills only through June 1 without a debt limit increase, leaving just 10 days for White House negotiators and congressional Republicans to reach a deal.

In her third letter to Congress in three weeks, Treasury Secretary Janet Yellen said it was “highly likely” that the agency will be unlikely to meet all U.S. government payment obligations by early June, and as early as June 1, without congressional action to raise the $31.4 trillion debt ceiling, which would trigger the first-ever U.S. default.

“With an additional week of information now available, I am writing to note that we estimate that it is highly likely that Treasury will no longer be able to satisfy all of the government’s obligations if Congress has not acted to raise or suspend the debt limit by early June, and potentially as early as June 1,” she said. [ Source: NewsMax (Read More…) ]

We're being CENSORED ... HELP get the WORD OUT! SHARE!!!

Latest Worthy News

Pentagon: U.S. and Israeli Strikes Set Back Iran’s Nuclear Program by Up to Two Years
Trump Strikes Landmark Trade Deal with Vietnam
Netanyahu Vows to Eradicate Hamas as Ceasefire Proposal Hangs in the Balance
Bipartisan Bill Would Authorize Trump to Provide Israel With B-2 Bombers and Bunker-Busting Bombs if Iran Pursues Nukes
Iran Suspends Cooperation with UN Nuclear Watchdog Following Israeli and U.S. Strikes
Federal Judge Blocks DHS From Ending Haitian TPS Early, Calls Move ‘Unlawful’
House GOP Faces Internal Turmoil Over Trump’s ‘One Big Beautiful Bill’ as Senate Version Heads to Vote
Two Chinese Nationals Arrested in Alleged Spy Operation Targeting U.S. Navy for Beijing’s Ministry of State Security
Brazilian Mother Faces Court Over Homeschooling Amid Growing Debate on Parental Rights
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News