Coverage dated May 20, 2023 to May 26, 2023

X marks the spot: Yellen tells Congress US could run out of money to pay all its bills by June 5

Headline from WFMZ Allentown, on the newest of 3 developments

Treasury Secretary Janet Yellen has told Congress that the U.S. could default on its debt obligations by June 5 if lawmakers do not act in time to raise the federal

WFMZ Allentown's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Earlier updates in this story

Developments in this update

3 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.

May 22, 2023
If debt ceiling isn't addressed by as early as June 1, U.S. could default, Yellen warns
Headline from CBS News ·
May 26, 2023
Congress must address debt ceiling by June 5, Yellen warns
Headline from Local News 8 ·
May 27, 2023Newest
X marks the spot: Yellen tells Congress US could run out of money to pay all its bills by June 5
Headline from WFMZ Allentown ·

1 report not tied to one development ·

Read the reports

Reports & sources

70 articles, oldest first.

NBC News
Yellen says early June is 'hard deadline' for raising debt limit, warns bills will go unpaid (opens NBC News)
Published May 20, 2023
NBC News's feed description
"There will be hard choices to make about what bills go unpaid" if Congress and the White House fail to reach a deal in time, Treasury Secretary Janet Yellen said on “Meet the Press."
Washington Examiner
Yellen confirms early June deadline to McCarthy as leaders enter debt talks (opens Washington Examiner)
Published May 21, 2023
Washington Examiner's feed description
Treasury Secretary Janet Yellen has confirmed to congressional leaders that the deadline to pass a debt ceiling increase and avoid the United States defaulting on its obligations is early June.
CBS News
Janet Yellen warns if debt ceiling isn't raised in just over a week, U.S. could face default (opens CBS News)
Published May 21, 2023
CBS News's feed description
Treasury Secretary Janet Yellen now projects the government could be unable to pay the bills as soon as June 1.
CNN
Yellen warns Congress again that default could be just days away, but others forecast a little more time (opens CNN)
Published May 21, 2023
CNN's feed description
Treasury Secretary Janet Yellen reinforced her warning to Congress that it has only a little time left to address the debt ceiling before the nation defaults on its obligations.
CBS News
If debt ceiling isn't addressed by as early as June 1, U.S. could default, Yellen warns (opens CBS News)
Published May 22, 2023
CBS News's feed description
Treasury Secretary Janet Yellen now projects the government could be unable to pay the bills as soon as June 1.
St. Louis Post-Dispatch
Debt ceiling deadline is extended to June 5, later than previously estimated, Yellen says (opens St. Louis Post-Dispatch)
Published May 25, 2023
St. Louis Post-Dispatch's feed description
Treasury Secretary Janet Yellen said in a letter Friday to Congress that inaction on raising the borrowing limit would “cause severe hardship.”
News West 9
Debt ceiling deadline is extended to June 5, Yellen says (opens News West 9)
Published May 25, 2023
News West 9's feed description
Any compromise will need support from both Democrats and Republicans to pass in Congress. A federal default on the national debt could send the economy into chaos.
CNN
Congress must address debt ceiling by June 5, Yellen warns (opens CNN)
Published May 25, 2023
CNN's feed description
Congress must address the debt ceiling by June 5 or the US Treasury will not have enough funds to pay all of the nation’s obligations in full and on time, Treasury Secretary Janet Yellen said Friday.
The Oregonian
Debt ceiling deadline: U.S. default expected by June 5 without agreement (opens The Oregonian)
Published May 25, 2023
The Oregonian's feed description
Treasury Secretary Janet Yellen told Congress that the U.S. could default on its debt obligations by June 5.
NPR
Yellen sets new deadline for Congress to raise the debt ceiling: June 5 (opens NPR)
Published May 25, 2023
NPR's feed description
Treasury Secretary Janet Yellen says unless lawmakers raise the debt ceiling by June 5, the government won't have enough money to pay all of its bills.
The Daily Caller
Yellen Shifts Debt Default Date To June 5 (opens The Daily Caller)
Published May 25, 2023
The Daily Caller's feed description
Treasury Secretary Janet Yellen has extended the probable date that the U.S. will default on its sovereign debt payments.
Hot Air
Yellen: Debt ceiling deadline is now June 5 (opens Hot Air)
Published May 25, 2023
Hot Air's feed description
“Based on the most recent available data, we now estimate that Treasury will have insufficient resources to satisfy the government’s obligations if Congress has not raised or suspended the...
Washington Examiner
Yellen sets new debt ceiling 'X-date,' giving negotiators more breathing room (opens Washington Examiner)
Published May 25, 2023
Washington Examiner's feed description
Treasury Secretary Janet Yellen has shifted the date the country could default to June 5, giving Speaker Kevin McCarthy (R-CA) and the White House a few extra days of breathing room as the two inch closer to a deal to raise the debt limit.
Fortune
Janet Yellen says the government will run out of cash by June 5 (opens Fortune)
Published May 25, 2023
Fortune's feed description
The debt ceiling crisis has an X-date at last.
Portland Press Herald
U.S. will default on June 5 if debt ceiling not raised, Yellen says (opens Portland Press Herald)
Published May 25, 2023
Portland Press Herald's feed description
The new X-date – when the government no longer has enough of a financial cushion to pay all its bills – is four days later than previously estimated.
Bangor Daily News
Debt ceiling deadline is extended to June 5, later than previously estimated (opens Bangor Daily News)
Published May 25, 2023
Bangor Daily News's feed description
Still, Treasury Secretary Janet Yellen warned of "severe hardship" if a deal to raise the debt ceiling isn't reached soon.
Deutsche Welle
US: Yellen extends debt default deadline to June 5 – DW (opens Deutsche Welle)
Published May 25, 2023
Deutsche Welle's feed description
US Treasury Secretary Janet Yellen warned that inaction on the debt ceiling would "cause severe hardship." The previous estimate was June 1.
FOX Business
Yellen says government could run out of cash by June 5 without debt ceiling agreement (opens FOX Business)
Published May 25, 2023
FOX Business's feed description
Yellen has sent Congress several warnings that the Treasury will run out of cash to pay all of the government's obligations in early June
Forbes
Debt Default ‘X-Date’ Now Set For June 5—Not June 1—Buying White House And GOP Precious Negotiating Time (opens Forbes)
Published May 25, 2023
Forbes's feed description
House Republicans have expressed confidence in a debt ceiling deal being made soon—but disagreements still loom in negotiations.
CBS News
Debt ceiling deadline is now June 5, Janet Yellen says (opens CBS News)
Published May 25, 2023
CBS News's feed description
Time is running short for House Republicans and the White House to reach an agreement on the debt ceiling to avoid default.
Deseret News
Treasury Secretary Yellen again warns about failure to lift debt ceiling (opens Deseret News)
Published May 25, 2023
Deseret News's feed description
‘It seems almost certain that we will not be able to get past early June’
Townhall
Yellen Announces Updated 'X-Date' for Debt Default (opens Townhall)
Published May 25, 2023
NBC10 Philadelphia
Treasury Says It Won't Run Out Money Until at Least June 5, Buying Time for Debt Ceiling Talks (opens NBC10 Philadelphia)
Published May 25, 2023
NBC10 Philadelphia's feed description
Treasury Secretary Janet Yellen said Friday that the United States will likely have enough reserves to push off a potential debt default until June 5.
New York Post
Debt ceiling deadline extended to June 5, four days later than previously estimated (opens New York Post)
Published May 25, 2023
New York Post's feed description
Yellen renewed her warning in a letter to Congress that inaction on raising the borrowing limit would “cause severe hardship.”
Politico
Yellen says new default deadline is June 5 (opens Politico)
Published May 25, 2023
Politico's feed description
The new date gives negotiators a few more days than expected as House Republicans and the White House are struggling to finalize a debt deal.

Showing the first 25 of 31 headlines. ·

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.