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It’s all the time enjoyable till the invoice comes due—and the invoice all the time comes due. In actual fact, it’s coming due proper about now.
On Friday, Treasury Secretary Janet Yellen warned Congress that the U.S. would hit its debt ceiling this coming Thursday, sooner than many had anticipated. That doesn’t imply the federal government will likely be compelled to cease paying its payments then—Yellen believes that the Treasury has sufficient money and different methods to boost cash to final it till early June—nevertheless it does imply that a problem that was nonetheless purely theoretical has change into way more urgent because the X date approaches.
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