Could the U.S. Default on June 5? It Depends

It isn’t certain what happens on the so-called X-date if Congress doesn’t raise the debt limit

Treasury Secretary Janet Yellen has warned the U.S. could breach the debt ceiling in early June. Photo: ELIZABETH FRANTZ/REUTERS

The U.S. is days away from becoming unable to pay all of its bills on time if Congress doesn’t first raise the debt limit.

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