Yellen Doubts US Could Still Pay All of Its Bills by June 15
- Treasury chief says the odds of reaching mid-June ‘quite low’
- Clock ticking on potential US default with talks deadlocked
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Treasury Secretary Janet Yellen said the US is unlikely to reach mid-June and still be able to pay its bills, underscoring the urgency of the White House reaching a deal with Republicans to raise the debt limit.
“Well, there’s always uncertainty about tax receipts and spending,” Yellen said on NBC’s “Meet the Press” on Sunday. “And so it’s hard to be absolutely certain about this, but my assessment is that the odds of reaching June 15 while being able to pay all of our bills is quite low.”