US Treasury Secretary Janet Yellen said the country could default on June 5, not the first of this year. Agency reports Reuters.
“During the week of June 5, the Treasury will make approximately $92 billion in payments and transfers, including quarterly adjustments of approximately $36 billion in social security trust funds,” Yellen said.
Formerly at the International Monetary Fund (IMF) declarationHe said the situation around raising the US government debt ceiling could pose systemic risks to the US and the global economy. According to the fund, the current situation “could create additional, fully avoidable systemic risks to the American and global economy” while there is already “visible tension”.
May 25 US President Joe Biden declarationThe American administration and the United States Congress agree that default in the country is unacceptable, and progress has been made in negotiations to raise the national debt ceiling.