Debt-Limit Doomsday Clock: What June Looks Like for US Treasury
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Treasury Secretary Janet Yellen has warned the US is “highly likely” to default in early June if Congress fails to lift or suspend the legal limit for government borrowing.
Here’s a day-by-day guide, beginning June 1, to projected cash flows and other key events. (The estimates for revenue and spending are drawn from analysis by the Bipartisan Policy Center and Goldman Sachs Group Inc.):