The country is still at risk of defaulting in early June, Treasury Secretary Janet Yellen reiterated Monday, maintaining heavy pressure on the breakneck debt talks between the White House and Republicans.
The new forecast suggests bipartisan negotiations to raise the nation’s borrowing cap could truly come down to the wire, with the elusive so-called X-date potentially less than three weeks away. Yellen’s update is sure to disappoint lawmakers who were looking for more time, hoping two June cash bumps could waive off the risk of default until July or August.