US Could Default as Soon as June 1, Says Treasury Secretary Yellen
Treasury Secretary Janet Yellen warns Congress of potential U.S. default on its debt as early as June 1 if legislators do not act to raise or suspend the nation's statutory borrowing authority. This article discusses the risks of waiting until the last minute to increase the debt limit, the impact on business and consumer confidence, and the potential consequences for the U.S. economy.
Source: news18.com