The U.S. could face default if no agreement is reached on a debt ceiling.
The chances that the government will be able to bridge the period until June 15 due to current tax revenues are slim. Janet Yellen has therefore increased the pressure on the Republicans. US President Joe Biden had arranged to meet on Sunday from the G7 summit for a phone call with Republican negotiator Kevin McCarthy. However, the results of this conversation are not yet known. The deadline by which a solution must be found will not be extended, Yellen said.