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“United States Faces Default: Latest News and Updates on Debt Crisis”

2023-05-27 17:03:00

Four short days of reprieve. On Friday following the stock market closed, Treasury Secretary Janet Yellen wrote to Congress to signal that the United States would no longer be able to pay its bills starting Monday, June 5.

Until now, the estimated date of the potential default was expected on Thursday 1is June. This grace period is welcome, at a time when negotiators from the White House and the Republican parliamentary majority are trying to finalize a political agreement.

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