U.S. National Debt Clock : Real Time

May 24, 2023

It’s the latest notice from Yellen warning the nation risks defaulting as soon as the start of June and putting pressure on lawmakers to move quickly. “The president may have more information on that, but she has been very clear.”The notice comes as projections released by the Congressional Budget Office (CBO) have also warned the nation risks defaulting on its debt early next month. McCarthy had previously hoped negotiators could strike a deal in principle this past weekend, while eyeing a floor vote this week. But Republicans are demanding spending cuts in exchange for raising the debt ceiling, and the two sides are far apart on a number of sticking points. “We have learned from past debt limit impasses that waiting until the last minute to suspend or increase the debt limit can cause serious harm to business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States,” Yellen wrote.

The source of this news is from https://www.usdebtclock.org/