EXCLUSIVE — RepJohnRose, a FinancialCmte member, is asking USTreasury SecYellen to provide information about the methods and data the department used to come to the June 1 debt ceiling deadline.
In a letter obtained by the Washington Examiner, Rose said he is “concerned” about the methods the Treasury used to calculate the"X-date" at which the country will default on its debt. He said the country deserves the most transparent and accurate calculation of the X-date due to the economic fallout that could come from missing it. The letter was sent to Yellen on Thursday.
Yellen said the country could default as early as June 1 if the debt ceiling is not raised. She is scheduled to testify in front of the House Financial Services Committee on June 7.
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