Yellen Revises Default Date to June 5, Easing Pressure on Debt Ceiling Negotiations

Treasury Secretary Janet Yellen revised the projected X-date for the fund ceiling to June 5, pushing backmost the menace of a default connected the nation’s fiscal obligations for 4 days. Yellen updated the prediction connected the day of May 26, revising the erstwhile estimation of “early June” fixed successful January and aboriginal revised to “potentially arsenic aboriginal arsenic June 1.” The X-date refers to the day erstwhile the Treasury...