Treasury May Run out of Cash as Soon as June 1

In a letter to lawmakers today, Janet Yellen says the Treasury Department's "best estimate" is that its extraordinary accounting measures will no longer be able to satisfy all the government's obligations by early June.

By Viktoria Dendrinou | May 01, 2023 at 05:06 PM

Photo: U.S. Treasury Secretary Janet Yellen arrives to deliver remarks at Johns Hopkins University's School of Advanced International Studies (SAIS) on April 20 in Washington, D.C. (Photo by Anna Moneymaker/Getty Images)

Treasury Secretary Janet Yellen told U.S. lawmakers that her department's ability to use special accounting maneuvers to stay within the federal debt limit could be exhausted as soon as the start of June.

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