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Republicans Question If Default Is as Close as Yellen Says It Is
Posted
May 24, 2023
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0:24Now PlayingHouse Republicans aren’t buying Treasury Secretary Janet Yellen’s warning that the US government will run out of money as soon as June 1, or her dire predictions of default, undercutting the urgency to raise the debt limit.
“We’d like to see more transparency on how they came to that date,” House Majority Leader Steve Scalise told reporters after a closed meeting on Tuesday. “It looks like they’re hedging now and opening the door to move that date back.”
One House Republican, who asked not to be named to speak candidly about his party’s assessment, said he believes the US should stop paying government salaries first if the Treasury Department exhausts its extraordinary measures to pay bills before Congress allows it to borrow more.
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