No sign debt ceiling "X-date" may be pushed back -White House

No sign debt ceiling "X-date" may be pushed back -White House

White House budget chief Shalanda Young said on Tuesday there was no indication the so-called X-date for when the U.S. government would run out of funds to pay all it bills would slip back from June 5.

U.S. Treasury Secretary Janet Yellen on Friday said the government would default if Congress did not increase the nation's $31.4 trillion debt ceiling by June 5 - firming her "X-date" forecast and laying down a marker for when lawmakers would need to complete action on a bill to raise the borrowing limit.

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