<p>Treasury Secretary <a href="https://www.dailywire.com/topic/janet-yellen" target="_blank" rel="noopener">Janet Yellen</a> views mid-June as the likely time period when the United States can no longer pay all its obligations without a <a href="https://www.dailywire.com/topic/debt-ceiling" target="_blank" rel="noopener">debt ceiling</a> deal.</p>
<p>During a Sunday appearance on NBC News, Yellen gave her most specific prediction to date as talks between the White House and Congress <a href="https://www.dailywire.com/news/mccarthy-says-biden-beholden-to-radical-socialists-potus-calls-gop-debt-ceiling-position-extreme" target="_blank" rel="noopener">appear to hit a snag</a>.</p>
<p>&#8220;What is the likelihood we can get to the June 15th tax receipts to avoid breaching the debt ceiling? Can you put a percentage on it? Is it 20%, 40%, something like that?&#8221; asked &#8220;Meet the Press&#8221; moderator Chuck Todd.</p>
<p>&#8220;There&#8217;s always uncertainty about tax receipts and spending,&#8221; Yellen replied. &#8220;And so it&#8217;s hard to be absolutely certain about this, but my assessment is that the odds of reaching June 15th, while being able to pay all of our bills, is quite low.&#8221;</p>
<p>Yellen <a href="https://www.dailywire.com/news/yellen-says-nation-could-face-debt-default-in-less-than-three-weeks" target="_blank" rel="noopener">notified Congress last week</a> that she still believes a default could happen as early as June 1. &#8220;If Congress fails to increase the debt limit, it would cause severe hardship to American families, harm our global leadership position, and raise questions about our ability to defend our national security interests,&#8221; she warned.</p>
<p>The Treasury Department has been enacting “extraordinary measures” since January, when the United States hit its statutory limit of roughly $31.4 trillion.</p>
<p style="font-weight: 400;">&#8220;What these involve are taking some funds that are invested in non-marketable government security,&#8221; Yellen explained on Sunday. &#8220;An example would be the Civil Service Retirement Fund. And first, taking inflows that would normally be invested in non-marketable securities, and leaving it in cash because those securities we would typically issue would count towards the debt ceiling. By leaving it in cash, we conserve room under the debt ceiling to issue a debt to the market.&#8221;</p>
<p>Asked about skepticism about the Treasury Department&#8217;s forecast, Yellen noted that the Congressional Budget Office <a href="https://www.cbo.gov/publication/59160" target="_blank" rel="noopener">also warned</a> of there being a risk that the government will not be able to pay all of its debts at some point during the first two weeks of June without a debt limit solution.</p>
<p>Yellen declined to state an exact date for when a default could happen, instead stressing that her assessment has not changed since last week. June is still the earliest a default could happen, she emphasized.</p>
<p>&#8220;I indicated in my last letter to Congress that we expect to be unable to pay all of our bills in early June, and possibly as soon as June 1st. And I will continue to update Congress, but I certainly haven&#8217;t changed my assessment,&#8221; Yellen said. &#8220;So I think that that&#8217;s a hard deadline.&#8221;</p>
<p><b data-stringify-type="bold"><a class="c-link c-link--focus-visible" href="https://onelink.to/dwapp" target="_blank" rel="noopener noreferrer" data-stringify-link="https://onelink.to/dwapp" data-sk="tooltip_parent" aria-describedby="sk-tooltip-99460">CLICK HERE TO GET THE DAILY WIRE APP</a></b></p>
<p>Yellen also refused to divulge what bills the United States might first choose not to pay over others when asked by Todd.</p>
<p>&#8220;I would say we&#8217;re focused on raising the debt ceiling and there will be hard choices if that doesn&#8217;t occur. There can be no acceptable outcomes if the debt ceiling isn&#8217;t raised, regardless of what decisions we make,&#8221; she said.</p>
<p><strong>RELATED: <a href="https://www.dailywire.com/news/mccarthy-says-biden-beholden-to-radical-socialists-potus-calls-gop-debt-ceiling-position-extreme">McCarthy Says Biden Beholden To &#8216;Radical Socialists,&#8217; POTUS Calls GOP Debt Ceiling Position &#8216;Extreme&#8217;</a></strong></p>

<script async src="https://www.tiktok.com/embed.js"></script>
<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

Yellen Says ‘Low’ Odds Of U.S. Paying All Bills Past Mid-June Without Debt Ceiling Deal

DOJ To Start Giving Congress Epstein Docs By Week’s End, House Oversight Chair Says

Trump Weaponization Czar Puts January 6 Committee Associates On Notice

Critics Of Trump’s Ukraine-Russia Peace Effort Have Been ‘Wrong’ For Decades, GOP Senator Says

Rubio Reveals The ‘Only Way’ To Achieve Ukraine-Russia Peace Deal

GOP Proposal Gives Trump Authority To Extend D.C. Police Takeover

Bessent Targets ‘Eye-Popping’ Stock Gains Made By Members Of Congress

News

Debt Ceiling

Economy

Janet Yellen

Politics

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Evening Wire: Lebanon Ceasefire Begins & Murder-Suicide Rocks VA | 4.16.26

The Pendragon Cycle

Menu

— News —

Yellen Says ‘Low’ Odds Of U.S. Paying All Bills Past Mid-June Without Debt Ceiling Deal