Estimated debt ceiling deadline extended to June 5 as talks continue – CBS News

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Treasury Secretary Janet Yellen announced Friday that the estimated deadline for the government to start defaulting on its debt has been pushed back from June 1 to June 5, giving negotiators time to reach a deal to raise the country’s debt ceiling. Got extra four days time. House Speaker Kevin McCarthy expressed hope that it would be completed on time. CBS News congressional correspondent Scott McFarlane has the latest.

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