US debt ceiling deadline to be extended

US Treasury Secretary Janet Yellen (Shuji Kajiyama/AP/PA)
US Treasury Secretary Janet Yellen (Shuji Kajiyama/AP/PA)
Fri, 26 May, 2023 - 22:23
Lisa Mascaro and Seung Min Kim, Associated Press

US Treasury Secretary Janet Yellen has said the projected debt ceiling deadline is extended to June 5, four days later than previously estimated.

Ms Yellen renewed her warning in a letter to Congress that inaction on raising the borrowing limit would “cause severe hardship”.

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