Time：05, 23, 2023 09:17

On May 22 local time, U.S. Treasury Secretary Yellen reiterated in a letter to the leadership of the U.S. Congress that if the U.S. Congress fails to raise or suspend the debt ceiling by June 1, the U.S. Treasury Department will not be able to pay government bills.

Yellen said in the letter that although it is impossible to accurately predict the exact date when the Treasury Department will not be able to pay all government bills, it will report the latest information to the US Congress as much as possible. She also said delaying decisions to suspend or increase the debt ceiling could hurt business and consumer confidence, raise short-term borrowing costs for taxpayers and have a negative impact on U.S. credit ratings.

CCTV reporter Liu Xiaoqian

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