Negotiators edge closer to debt ceiling deal as Yellen extends deadline to 5 June
Lawmakers on call over Memorial Day weekend as treasury secretary revises estimate of when US will run out of money
Democratic and Republican negotiators struggled on Friday to reach a deal to raise the US government $31.4tn debt ceiling, as a key Republican cited disagreements over work requirements for some benefit programs for low-income Americans.
On Friday, the treasury secretary, Janet Yellen, said the US would run out of money to pay its bills by 5 June, a slight extension of her earlier 1 June prediction.
Reuters contributed reportingContinue reading…