US may default on debt as soon as June 1, Treasury Secy Yellen reaffirms

US may default on debt as soon as June 1, Treasury Secy Yellen reaffirms https://ifttt.com/images/no_image_card.png"With additional information now available, I am writing to note that we still estimate that Treasury will likely no longer be able to satisfy all of the government's obligations if Congress has not acted to raise or suspend the debt limit by early June, and potentially as early as June 1," Yellen wrote to House Speaker Kevin McCarthy.