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Yellen extends earliest potential US default date to June 5

Published May 26,2023 11:37 PM
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U.S. Treasury Secretary Janet Yellen on Friday extended the deadline for raising the federal debt limit, saying the government could default on its debt as early as June 5 without increasing the country's $31.4 trillion debt ceiling.

Yellen had previously put that date as in early June, or potentially as early as June 1.