Debt ceiling deadline pushed to June 5

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In a letter to Congress on Friday, Treasury Sec. Rose Horowitch “It’s everyday people who are on the hook for the Republicans’ recklessness,” she said at an event in Massachusetts, where she was accompanied by veterans, seniors, educators and city officials, according to a news release.

Democrats have criticized House Republicans for gaveling out the chamber and sending members away for the weekend recess without a debt ceiling deal. 2h ago / 7:03 PM UTC Liz Brown-Kaiser Kyle Stewart Asked if there are any in-person meetings scheduled for today, he responded, “Not that I’m aware of.”

Share this – Rep. McHenry decries leaks, says ‘I want an agreement’ Dareh Gregorian “Everyone wants a detail of this,” he said. “I want an agreement that changes the trajectory of the country. That’s the speaker’s imperative to us.”

Asked if any in-person meetings were planned for today, he said,”Not yet.” 3h ago / 6:11 PM UTC and Chief Republican negotiator Graves has arrived at the White House to celebrate the LSU women’s basketball team, which is being honored today for winning the national championship.

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U.S. Treasury debt announcement signals to some June 1 is not ‘X-date’The U.S. Treasury on Thursday announced a slate of T-bill auctions for early next week that some market participants see as an indication that the debt ceiling’s so-called ‘X-date’ may not in fact be June 1.

Yields on June Treasury bills rise to 7%, signaling investor fear over debt ceilingThe standoff over the debt ceiling is raising the prospect of default and sending yields on certain Treasury bills soaring. Yields on securities maturing in early June soared on Thursday, with at-risk bills maturing on June 6 featuring yields above 7%.

Default on debt isn’t June 1 and Treasury isn’t ‘credible’: GOP Rep. Byron DonaldsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.

U.S. will default on June 5 if debt limit not raised, Treasury saysBreaking news: The U.S. government will run out of money to meet all its payment obligations on June 5 if Congress does not raise the debt ceiling, according to a letter Treasury Secretary Janet L. Yellen sent to lawmakers on Friday. The new projections provide a timeline for lawmakers on Capitol Hill as they try to strike a deal to raise the nation’s borrowing limit and fund the federal government. Yellen had previously told Congress that the U.S. could run out of funds “as soon as” June 1.…

Congress must address debt ceiling by June 5, Yellen warns | CNN PoliticsCongress must address the debt ceiling by June 5 or the US Treasury will not have enough funds to pay all of the nation’s obligations in full and on time, Treasury Secretary Janet Yellen said Friday.

Treasury yields fall as investors await key inflation data, debt ceiling talk updatesU.S. Treasury yields fell on Friday as investors awaited economic data that could affect Fed interest rate policy and as debt ceiling deal talks continued.

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