The Ministry of Finance has postponed the estimated date of bankruptcy of the United States until June 5

Previously, he suggested that the cut-off date would be June 1, although he made reservations that this could not be accurately predicted due to the volatility of budget revenues, among others from. from taxes.

The head of the treasury said this week he launched “another emergency measure” and gave the government $2 billion to push back the date of a possible bankruptcy. He said that if Congress does not increase the debt limit – which currently stands at $31.4 trillion – America will run out of money for scheduled payments, among others. for social security funds and health insurance for the elderly (Medicare).

Yellen warned McCarthy – who is still negotiating with the White House about raising the limit – not to wait until the last minute, warning that it could risk “significant damage” to US credibility and raise the cost of borrowing.

Despite media reports that the two sides are close to an agreement that would reduce budget spending and increase the debt limit, there was still no agreement as of Friday afternoon. At the same time, the rules of Congress state that the legislators must have at least 3 days to familiarize themselves with any law. It is also not clear whether the possible agreement will get enough support from the parliamentarians.

From Washington Oskar Górzyński (PAP)
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