Viktoria Dendrinou

The Treasury chief issued a fresh letter to congressional leaders Monday restating that the Treasury risks running out of sufficient cash for all federal obligations as soon as June 1.

US Treasury Secretary Janet Yellen told top bank executives Thursday that a failure to raise the debt ceiling would be “catastrophic” for the financial system, reiterating that the matter should be addressed without delay.

Treasury Secretary Janet Yellen said the US is unlikely to reach mid-June and still be able to pay its bills, underscoring the urgency of the White House reaching a deal with Republicans to raise the debt limit.

(Bloomberg) -- Treasury Secretary Janet Yellen said the US is unlikely to reach mid-June and still be able to pay its bills, underscoring the urgency of the White House reaching a deal with Republicans to raise the debt limit. Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderZelenskiy Signals Bakhmut Falling, Russian Casualties HighHedge Funds’ Ultra-Bearish Oil Bets Signal US Recession Angst“Well, there’s always uncertainty about tax receipts and spending,

The Treasury Department is discussing potential changes to payment procedures for federal agencies as the date approaches by when it will run out of enough cash to make good on all US government obligations, according to people familiar with the matter.

The International Monetary Fund urged the US to immediately raise or suspend its debt limit, saying that delays in doing so may create “entirely avoidable” systemic risks.

Treasury Secretary Janet Yellen said her department estimates it will run out of funding by June 5 if lawmakers fail to raise or suspend the US debt ceiling.

The cap on government spending in Washington’s deal to raise the federal debt limit adds a fresh headwind to a US economy already burdened by the highest interest rates in decades and reduced access to credit.

Fed policy makers have a fresh consideration for the rate outlook.

The cap on government spending in a tentative deal to raise the federal debt limit adds a fresh headwind to a U.S. economy already burdened by the highest interest rates in decades and reduced access to credit.The deal crafted by President Joe Biden and House Speaker Kevin McCarthy over the weekend…