Debt ceiling deadline is now June 5, Janet Yellen says

Treasury Secretary Janet Yellen on Friday estimated the new “X” date — when the country will reach its debt limit — is June 5. 

“Based on the most recent available data, we now estimate that Treasury will have insufficient resources to satisfy the government’s obligations if Congress has not raised or suspended the debt limit by June 5,” she wrote in a letter to House Speaker Kevin McCarthy.

Kathryn Watson

Kathryn Watson is a politics reporter for CBS News Digital based in Washington, D.C.