US debt ceiling deadline pushed back as talks continue
US Treasury Secretary Janet Yellen has said the government could run out of money to pay all its bills on June 5, leaving lawmakers a few more days of flexibility to deal with averting an unprecedented debt default. Yellen’s new estimate, released Friday afternoon, came as the White House and House Republicans hurried to finalize a deal on government spending that would raise the US borrowing limit and lift a huge cloud of uncertainty hanging over the country’s economy. paves the way for its removal. Yellen previously warned that a...