Treasury Secretary Janet Yellen on Friday revised her June 1 deadline for lawmakers to reach a debt ceiling deal to avert default, claiming they now have until June 5 to do so.
Yellen had repeatedly warned that lawmakers needed to reach an agreement by June 1 to avert a debt default.
"Based on the most recent available data, we now estimate that Treasury will have insufficient resources to satisfy the government's obligations if Congress has not raised or suspended the debt limit by June 5," Yellen wrote to Congress on Friday, per ABC News.
