Treasury Secretary: U.S. might default as early as June 1 – CBS Information
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Treasury Secretary Janet Yellen says the U.S. could run out of cash to pay its bills as soon as next month. In a letter sent to lawmakers Monday, Yellen said, “we will be unable to continue to satisfy all of the government’s obligations by early June, and potentially as early as June 1, if Congress does not raise or suspend the debt limit before that time.” CBS News congressional correspondent Scott MacFarlane has more.
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