“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,” she wrote in a letter to House Speaker Kevin McCarthy.

Her latest guidance comes after warnings earlier this month that the U.S. government could default on its debt obligations as early as June 1 if Congress did not act. But the exact timing of the so-called X-date has a degree of uncertainty as the Treasury Department tracks money coming into and leaving its coffers.

“We will make more than $130 billion of scheduled payments in the first two days of June, including payments to veterans and Social Security and Medicare recipients. These payments will leave Treasury with an extremely low level of resources,” Yellen wrote.

[A week from Monday — just enough time to get a deal put together today or over the holiday weekend, and have Congress rush back to pass it. And this is a holiday weekend, when Americans will pay less attention to the news, so … expect a deal soon. — Ed]