

U.S. could default as early as June 1, Yellen warns Congress


By Ashley Murray, Oregon Capital Chronicle WASHINGTON — U.S. Treasury Secretary Janet Yellen warned Monday that the U.S. could default in as soon as one month if Congress does not act to raise the nation’s borrowing limit — a prediction that prompted President Joe Biden to call a meeting with congressional leaders next week. In a letter to lawmakers, Yellen wrote that after reviewing recent tax receipts,