Why it's difficult to pinpoint the 'X-date' when US would default

Why it's difficult to pinpoint the 'X-date' when US would default

Treasury Secretary Janet Yellen's latest estimation is that the U.S. could default by June 5 if there's no deal to raise the legal borrowing limit.

Why it's difficult to pinpoint the 'X-date' when US would default

Treasury Secretary Janet Yellen's latest estimation is that the U.S. could default by June 5 if there's no deal to raise the legal borrowing limit.

Analysis: Why it’s so hard to pinpoint the X-date, when the US defaults

(CNN) — For weeks, Treasury Secretary Janet Yellen had been consistently telling lawmakers to act soon because the X-date, when the US could default, could occur as soon as June 1. On Friday, she updated that prediction, giving debt ceiling negotiators an extra four days. The Treasury’s new earliest X-date is June 5. It still may not be enough time. Even if White House and congressional negotiators can reach a deal about how to raise the $31.4 t…

Why it's difficult to pinpoint the 'X-date' when US would default

Treasury Secretary Janet Yellen's latest estimation is that the U.S. could default by June 5 if there's no deal to raise the legal borrowing limit.

Why it's difficult to pinpoint the 'X-date' when US would default

Treasury Secretary Janet Yellen's latest estimation is that the U.S. could default by June 5 if there's no deal to raise the legal borrowing limit.

Why it's difficult to pinpoint the 'X-date' when US would default

Treasury Secretary Janet Yellen's latest estimation is that the U.S. could default by June 5 if there's no deal to raise the legal borrowing limit.