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US could default by June 1 without debt ceiling hike, Yellen warns

By David Sivak
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US could default by June 1 without debt ceiling hike, Yellen warns

The Treasury Department warned lawmakers on Monday that without congressional action to lift or suspend the debt limit, the country will be unable to pay its obligations as soon as June 1.

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Congress Debt Ceiling Janet Yellen Kevin McCarthy Washington D.C.