U.S. Treasury Secretary Janet Yellen and Ukraine Prime Minister Denys Shmyhal speak to the press after holding a bilateral meeting at the U.S. Treasury Department Building in Washington, D.C., U.S. April 13, 2023. Ken Cedeno | ReutersWASHINGTON — Treasury Secretary Janet Yellen reaffirmed to Congress on Monday that the United States could default on its debt as early as June 1.”With additional information now available, I am writing to note that we still estimate that Treasury will likely no longer be able to satisfy all of the government’s obligations if Congress has not acted to raise or suspend the debt limit by early June, and potentially as early as June 1,” she wrote.The guidance came as the White House and congressional leaders prepared to meet Tuesday to continue negotiations over potential spending cuts in exchange for House passage of a debt ceiling hik …
