The Treasury's Warning That the U.S. Could Run Out of Money to Pay Its Bills as Early as June 1st

The government has already hit its statutory debt limit of the 31.4 trillion that you just mentioned in January. The deadline we're facing now is when it will actually run out of money to pay its bills unless that debt limit is raised, correct? Right. So basically on January 19th, they technically hit the limit, but there are two things that they can do to keep things flowing smoothly for a while after that. And so why are we now hearing early June? Secretary Yellen came out with the early June deadline, even though we thought that they would probably be able to make it until late July,. Because I think she decided that it was a close enough call that it wasn't