The United States could default as early as June 1, if no agreement is reached in Congress to raise the debt ceiling. Treasury Secretary Janet Yellen warned again on Monday, citing updated data.
House Republican leader Kevin McCarthy is scheduled to meet with President Joe Biden on Tuesday to try to reach an agreement on the debt limit. The deadline was published in early May, and was maintained Monday, "with the additional information now available," said Yellen in a letter to the Republican leader of the House of Representatives.