Coverage dated May 16, 2023 to May 23, 2023

US debt ceiling crisis live: Treasury secretary Janet Yellen confirms 1 June deadline as deal remains elusive

Headline from The Guardian, from the development of May 23, 2023

Newest development May 24, 2023 · 3 reportsYellen Says Treasury Is Committed to Efforts to Raise the Debt Ceiling

Yellen tells Congress there is unlikely to be any wiggle room if catastrophic default is to be avoided

The Guardian'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 21, 2023
‘Hard Choices' Will Need to Be Made About Which Bills Go Unpaid If the Debt Ceiling Is Not Raised, Yellen Says
Headline from NBC 5 Dallas-Fort Worth ·
May 23, 2023Names this update
US debt ceiling crisis live: Treasury secretary Janet Yellen confirms 1 June deadline as deal remains elusive
Headline from The Guardian ·
May 24, 2023Newest
Yellen Says Treasury Is Committed to Efforts to Raise the Debt Ceiling
Headline from Wall Street Journal ·

3 reports not tied to one development ·

Read the reports

Reports & sources

20 articles, oldest first.

My9nj
Debt ceiling: Biden 'confident' there will be no default (opens My9nj)
Published May 16, 2023
My9nj's feed description
Negotiators are racing to beat a deadline of June 1, which is when the Treasury Dept. said the U.S. could begin defaulting on its debts for the first time in history and risk financial catastrophe.
Fortune
There could be a deal on the debt ceiling by the weekend, negotiators say (opens Fortune)
Published May 18, 2023
Fortune's feed description
“A default could trigger a recession, stop military paychecks and raise interest rates for years to come,” Vice President Kamala Harris said.
NBC 5 Dallas-Fort Worth
‘Hard Choices' Will Need to Be Made About Which Bills Go Unpaid If the Debt Ceiling Is Not Raised, Yellen Says (opens NBC 5 Dallas-Fort Worth)
Published May 20, 2023
NBC 5 Dallas-Fort Worth's feed description
Treasury Secretary Janet Yellen warned that the United States could default on its debt in June.
Forbes
Biden ‘Can’t Guarantee’ GOP Won’t Force Default As Debt Ceiling Deadline Nears (opens Forbes)
Published May 20, 2023
Forbes's feed description
Treasury Secretary Janet Yellen said it’s unlikely the U.S. will make it to June and still be able to pay its bills.
CBS News
Impasse continues in negotiations over debt ceiling crisis (opens CBS News)
Published May 20, 2023
CBS News's feed description
Without a deal, Treasury Secretary Janet Yellen has said the U.S. could be unable to pay its bills and might default on its debt as soon as June 1.
Forbes
Yellen Doubles Down On June 1 Deadline To Avert Default—As Debt Ceiling Talks Drag On (opens Forbes)
Published May 21, 2023
Forbes's feed description
Analysts have warned defaulting on the country’s debt could tip the economy into recession and prevent the government from paying bills, including Social Security payments and military salaries.
La Crosse Tribune
How you can prepare for a debt default (opens La Crosse Tribune)
Published May 22, 2023
La Crosse Tribune's feed description
There isn’t much precedent on what to do in case of a default, since it’s never happened before. Nevertheless, there are steps consumers can take to safeguard their finances from some of the effects of the crisis.
CNN
Live updates: Debt ceiling negotiations continue as default deadline looms (opens CNN)
Published May 22, 2023
CNN's feed description
Treasury Secretary Janet Yellen reinforced her warning to Congress on Monday that it has only a little time left to address the debt ceiling to avoid the country's first-ever default. Follow here for live updates.
Local News 8
Debt ceiling: Here’s what you should know as threat of default looms (opens Local News 8)
Published May 22, 2023
Local News 8's feed description
By Tami Luhby and Kaanita Iyer, CNN (CNN) — The clock is ticking faster on the nation’s debt ceiling drama. Exactly when the federal government will no longer be able to pay its bills in full and on time is not known, but it could come as soon as early June. That doesn’t give House
The Guardian
US debt ceiling crisis live: Treasury secretary Janet Yellen confirms 1 June deadline as deal remains elusive (opens The Guardian)
Published May 22, 2023
The Guardian's feed description
Yellen tells Congress there is unlikely to be any wiggle room if catastrophic default is to be avoided
Bloomberg
Yellen Says Treasury Uninvolved in Planning for US Default (opens Bloomberg)
Published May 23, 2023
Bloomberg's feed description
Treasury Secretary Janet Yellen said the Biden administration is committed to not having missed payments and to raising the debt ceiling, and that her department is not involved in planning for a default.
Wall Street Journal
Yellen Says Treasury Is Committed to Efforts to Raise the Debt Ceiling (opens Wall Street Journal)
Published May 23, 2023
Wall Street Journal's feed description
The Treasury secretary added that her agency isn’t involved in planning for what might happen if a default occurs.
Breitbart News
Janet Yellen Says Treasury Not Involved In Planning for Debt Ceiling Default (opens Breitbart News)
Published May 23, 2023
Breitbart News's feed description
Yellen is claiming they have no backup plan. That seems risky. | Economy

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