Debt ceiling deadline is extended to June 5, later than previously estimated, Yellen says
By LISA MASCARO, SEUNG MIN KIM and KEVIN FREKING
Associated Press
Updated
House Speaker Kevin McCarthy said Friday negotiators "made progress” on an agreement with the White House to raise the debt limit as they race to close out a deal ahead of a looming deadline to avert a potentially catastrophic default. McCarthy told reporters at the Capitol that there is sti…
WASHINGTON (AP) — Treasury Secretary Janet Yellen said Friday the projected debt ceiling deadline is extended to June 5, four days later than previously estimated.
FILE - U.S. Treasury Secretary Janet Yellen takes questions from journalists during a press conference, at the G7 meeting of Finance Ministers and Central Bank Governors, at Toki Messe in Niigata, Japan, Thursday, May 11, 2023. (AP Photo/Shuji Kajiyama, Pool, File)
Associated Press writers Mary Clare Jalonick, Stephen Groves, Fatima Hussein, Farnoush Amiri and videojournalist Rick Gentilo contributed to this report.
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FILE - U.S. Treasury Secretary Janet Yellen takes questions from journalists during a press conference, at the G7 meeting of Finance Ministers and Central Bank Governors, at Toki Messe in Niigata, Japan, Thursday, May 11, 2023. (AP Photo/Shuji Kajiyama, Pool, File)
