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Contributed by NAMPA / AFP.

What happens if US fails to lift debt limit by June 5?
By Daniel AVIS
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ATTENTION - RECASTS with June 5 date ///
Washington, May 26, 2023 (AFP) - Treasury Secretary Janet Yellen on Friday updated the date for a possible US debt default to June 5 if Congress fails to raise the ceiling on borrowing, pushing back a previous estimate of June 1.
This gives negotiators for President Biden and House Republican Speaker Kevin McCarthy a little breathing room as they wo ...