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Yellen reiterates: “Default is possible on June 1st” Ultima Ora

(ANSA) — NEW YORK, MAY 24 — Janet Yellen reiterates: The Treasury Department could run out of funds to meet its financial obligations on June 1, the day the United States could therefore default. Speaking at a Wall Street Journal event, the Treasury Secretary said it was difficult to pinpoint exactly when resources will be depleted and promised to brief Congress on the matter shortly. An agreement on the debt ceiling is “possible,” emphasizes Yellen. (HAND).

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