Talking about the catastrophic consequences of a possible bankruptcy USAMinister of Finance Janet Yellen repeatedly warned that unable know the exact date the federal government will run out of money.

On Jan. 19, the United States hit a debt ceiling of $31.4 trillion, forcing the Treasury Department, which borrows to pay off its liabilities, to make cash-saving accounting maneuvers. Yellen sent letters to business leaders and Congress.

On Monday, the minister echoed earlier warnings that the Treasury could run out of cash by June 1. However, the exact date that the United States will reach so-called X day it’s almost impossible to determine.

While the Treasury has the most sophisticated cash management system in the world and employs teams of highly trained economists, it’s hard to tell how much money is left in the “treasury.”

Big bills are coming

Yellen sees early June as a critical period. Cause: The federal government traditionally spends a lot of money in a short period of time, and it’s impossible to predict exactly how much revenue will come in and when. In a report released Thursday, the bipartisan political center, a think tank that closely monitors federal spending.The government is estimated to spend $101 billion on June 1. Most of that money — $47 billion — will go to federal health care, with the rest going to veterans’ benefits, military payments and pensions, and government employee pensions. On June 2, the government is due to pay $25 billion in Social Security benefits and another $2 billion in federal Medicare.

Income is declining