BREAKING: USTreasury SecYellen has shifted the date the country could default to June 5, giving SpeakerMcCarthy and the White House a few extra days of breathing room as the two inch closer to a deal to raise the debt limit.
Yellen had previously informed Congress the United States could be unable to pay its obligations as soon as June 1 but left herself the leeway that her estimate was imprecise. She told McCarthy in a letter Friday that the"most recent data available" has led her to revise that date slightly.
Even a few days could give negotiators major breathing room with less than a week to meet the original deadline. The two sides have yet to reach an agreement, though one of McCarthy's deputies, Rep. Patrick McHenry , said Friday that talks are delicate but making progress.
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