While You Were Sleeping: 5 stories you might have missed, May 27

Yellen says June 5 is last date for US debt ceiling to be raised

US Treasury Secretary Janet Yellen said on Friday the government would run short of money to pay its bills on June 5, which would trigger a potentially calamitous default, unless Congress raises the US$31.4 trillion (S$42 trillion) debt ceiling.

Ms Yellen’s announcement allows a little more time for Democratic President Joe Biden and Republican House of Representatives Speaker Kevin McCarthy to reach an accord to raise the federal government’s self-imposed borrowing limit.

Previously, the Treasury had said the deal needed to be reached as soon as June 1.

Representative Patrick McHenry, one of the Republican negotiators, said they could meet the June 5 deadline.


Ukraine says Russia plans to simulate nuclear accident

Want to get worth reading articles in your email? want to catch what's going on in the world?

We do not spam but sent you only important news stories 🙂

News Agencies

About Author

The latest news from the News Agencies

You may also like

Saudi Arabia imposes curfew

Saudi Arabia imposes curfew due to coronavirus in Makkah and Madina

Saudi Arabia’s government has decided to impose a 24-hour curfew in Makkah and Madina while tightening precautionary measures for the
saudi royal family

Dozens of Saudi royal family infected with coronavirus: report

Riyadh: 150 members of the Saudi royal family have been diagnosed with Coronavirus.   According to a US newspaper The