"This afternoon, President Biden hosted Leader Schumer, Leader McConnell, Speaker McCarthy, and Leader Jeffries in the Oval Office for a productive and direct meeting about the need to ensure America does not default on its debt for the first time in our history, and on a budget agreement th
Yellen in a letter to members of Congressional leadership regarding debt limit, said that the US 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 ti