Goalposts sliding: Yellen says we have have 'til the 5th for Credit-A-Geddon

Treasury Secretary Janet Yellen sent a letter to Congress on Friday, saying that the government will now have until June 5 before it runs out of money to pay its bills rather than the June 1 deadline she had announced.

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“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 said, according to ABC News.

That allows congressional leaders a few more days to negotiate with the White House.

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