Treasury Secretary Yellen claims that U.S is risking debt ceiling breaching on June 1.

Yellen’s letter implies that should Congress fail to act within the next three weeks, the country faces a substantial risk of encountering its inaugural debt default, which would result in profound economic repercussions and the potential to thrust the nation into a recession. You may find the details in

https://www.nbcnews.com/politics/white-house/treasury-says-us-risks-breaching-debt-ceiling-june-1-rcna84523