Economics
Yellen Says U.S. Treasury’s Cash Won’t Last Long Past Dec. 3
- Treasury chief to update Congress ‘shortly’ on cash flows
- Default would be a grave ‘self-inflicted wound,’ she says
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Treasury Secretary Janet Yellen said she’ll be updating Congress “within the next day or two” on how long lawmakers have to raise or suspend the debt limit before the government runs out of cash.
“We may be able to get past Dec. 3, we may have the resources to do that, but not a great deal of time after that,” Yellen said in an interview with National Public Radio that was taped on Monday.