Yellen: We don’t know yet when US treasury will run out of ‎liquidity

US Treasury Secretary Janet Yellen said there is still uncertainty about when the liquidity needed to repay the government’s debt will run out, but she will keep Congress informed of any change in the date, which could be around June 1.

According to Reuters, Yellen told Bloomberg TV that she will meet with senior bankers on Wall Street to talk about the debt ceiling next week.

She reaffirmed that Congress’ failure to raise the debt ceiling of $31.4 trillion would lead to an economic and financial catastrophe.