![]() ![]() In a letter to House and Senate leaders, Yellen urged congressional leaders “to protect the full faith and credit of the United States by acting as soon as possible” to address the $31.4 trillion limit on its legal borrowing authority, adding that it is impossible to predict with certainty the exact date of when the U.S. could default on its debt as early as June 1, if the body does not raise or suspend its statutory borrowing authority before then. WASHINGTON - (AP) – Treasury Secretary Janet Yellen notified Congress on Monday that the U.S. ![]()
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