conference, at the G-7 meeting of Finance Ministers and Central Bank Governors, at Toki Messe in Niigata, Japan, May 11, 2023. Negotiations on the debt ceiling appear to be making progress, but the the hard deadline or X-date for when the government won’t be able to pay the bills is unclear. Most current estimates are for early June, but opinions vary on precisely when. The U.S.
, Yellen reinforced that timeline saying, “it seems almost certain that we will not be able to get past early June.”Extraordinary Measures
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