In a blunt warning, Yellen said failure to act by the new date would “cause severe hardship to American families, harm our global leadership position and raise questions about our ability to defend our national security interests.” Anxious retirees were already making contingency plans for missed checks, with the next Social Security payments due next week. The new date, set out in a letter from Treasury Secretary Janet Yellen, came with Americans and the world concerned about U.S.
I’m hopeful we’ll know by tonight whether we’re going to be able to have a deal.” With Republican at the Capitol talking with Biden’s team at the White House, the president said, “There’s a negotiation going on. Yet President Joe Biden was upbeat as he left for the Memorial Day weekend at Camp David, declaring, “It’s very close, and I’m optimistic.”
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