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The Hill
The Hill
26 May 2023
Aris Folley


NextImg:Yellen says US will run out of money by June 5 if debt ceiling not raised

Treasury Secretary Janet Yellen on Friday notified lawmakers the nation will run out of money to pay its bills by June 5 if they do not raise the debt ceiling.

“Based on the most recent available data, we now estimate that Treasury will have insufficient resources to satisfy the government’s obligations if Congress has not raised or suspended the debt limit by June 5,” Yellen told leaders.

DEVELOPING.