- US Treasury likely to run out of cash in early June, possibly as early as June 1.
- Negotiations for raising or suspending the debt limit ongoing between President Biden and Speaker McCarthy.
- Goldman Sachs predicts cash levels to drop below $30 billion by June 8-9.
- Default could happen at any point thereafter, warns Treasury Secretary Janet Yellen.
Yellen Says It’s Now ‘Highly Likely’ US Out of Cash Early June
Treasury Secretary Janet Yellen said it’s now “highly likely” that her department will run out of sufficient cash in early June, and repeated her warning that the moment could come as soon as June 1.
Christopher Condon
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