Debt limit USA should be increased by June 1 so that the country continues to pay its obligations after the 15th of the month, the finance minister warned today. Janet Yellenas negotiations between the White House and the Republicans appear to have stalled.

“Uncertainty remains about tax revenues and budget spending. And so it’s hard to be sure, but my assessment is that the chances of us surviving until June 15 and being able to pay all our bills are relatively small, ”Yellen said in an interview with NBC. “I mentioned in my last letter to Congress (sa: last Monday) that we expect to be unable to pay all of our bills starting in June, possibly as early as June 1st,” she recalled, clarifying that her assessment was not confirmed. . changed.

OUR White House and the opposition is rushing with time to negotiate a higher debt limit to keep the world’s largest economy from default. But talks have stalled today, mainly because both sides disagree on the cuts the Republicans are demanding. President Joe Biden, who is in Japan for the G7 summit, is about to speak by phone with House Speaker Kevin McCarthy, a Republican.