Treasury's Yellen says June 5 is last date for debt ceiling to be raised
U.S. Treasury Secretary Janet Yellen on Friday set a deadline for raising the federal debt limit, saying the government would default if Congress does not increase the $31.4 trillion debt ceiling by June 5. Yellen had previously said a default could potentially happen as early as June 1, but is now characterizing June 5 as the precise deadline.
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