US Treasury Secretary Yellen: June 1 remains a “hard deadline” for raising the Federal debt limit – by anilpanchal7 UnitedStates FiscalPolicy Politics RiskAppetite NewsTrading
“US Treasury Secretary Janet Yellen on Sunday said June 1 remains a "hard deadline" for raising the federal debt limit, with the odds quite low that the government will collect enough revenue to bridge to June 15, when more tax receipts are due,” reported Reuters.
I indicated in my last letter to Congress that we expect to be unable to pay all of our bills in early June and possibly as soon as June 1.So I think that that's a hard deadline. Invoking the amendment "doesn't seem like something that could be appropriately used in these circumstances, given the legal uncertainty around it, and given the tight time frame we're on.The news seems to have weighed on the market’s risk appetite, especially after US policymakers failed to offer any positive news during their weekend talks about stretching the debt ceiling.
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