The United States may be unable to honor its financial commitments from June 5. This was announced on Friday, May 26 by the US Department of Finance. This refined estimate offers a few days of respite from the previous assessment, which focused on June 1.
“Based on the most recent data available, we now estimate that the Treasury will not have sufficient resources to meet the government’s obligations if Congress does not raise or suspend the debt ceiling by June 5. “detailed the US Secretary of the Treasury, Janet Yellen, in a letter to elected members of Congress.
The White House and the Republican opposition are in a race against time to find an agreement to raise the debt ceiling and allow the US Treasury to continue borrowing. Otherwise, the government will find itself short of cash to pay the salaries of civil servants and soldiers, pensions, the health system of the poorest and the elderly, but also to repay its debt, which would place the country in a situation of default of payment.