In the United States, a default of payment possible as of June 1

2023-05-15T21:18:26.877Z

Highlights: The U.S. could default as early as June 1, if no agreement is reached in Congress to raise the debt ceiling. Treasury Secretary Janet Yellen warned again on Monday, reporting updated data. The Republican leader of the House of Representatives Kevin McCarthy is scheduled to meet with President Joe Biden on Tuesday to try to reach an agreement on the debt limit. The deadline was published in early May, and was maintained on Monday "with the additional information now available," said Yellen in a letter to McCarthy.

Without an agreement with Congress, the situation of the world's largest economy could be critical