Treasury Secretary Janet Yellen has given Congress a more precise date — June 5 — for when the U.S. government will hit the debt ceiling and run out of money to pay its bills.
Why it matters: Yellen's previous warnings estimated the U.S. would hit the so-called X-date as early as June 1, but her latest letter provides a firmer deadline as lawmakers and the White House work to avoid a damaging debt default.
