Breaking: US Treasury Seeks More Time For Making Payments As Debt Default Looms
Treasury Seeks Delay In Payments With less than two weeks remaining before the looming deadline, the White House is urgently seeking avenues to buy more time for negotiations between President Biden and House Speaker Kevin McCarthy to raise the federal debt ceiling. In the early part of June, the federal government faces the possibility of missing a payment for the first time in modern history if additional borrowing, increased tax collection, or spending reductions are not implemented. advertisement Read More: Stocks And Crypto May Crash Within Weeks Of Debt-Ceiling Deal; Here’s Why According to reports, Treasury officials have reached out to counterparts in other federal agencies to inquire about the possibility of delaying payments due before early June. However, it is important to note that the Treasury has not requested federal agencies to postpone payments beyond their original due dates. Earlier last week, senior members of the Treasury Departme...