Treasury Secretary Janet Yellen on Tuesday warned members of Congress that the United States’ cash reserves will likely be exhausted unless lawmakers vote to raise or suspend the debt ceiling by Oct. 18, warning that it’s not clear if the United States would be able to meet all of its financial obligations if no deal is passed by then.
If that deadline is reached, “we expect Treasury would be left with very limited resources that would be depleted quickly,” Yellen warned, adding that it is “uncertain whether we could continue to meet all the nation’s commitments after that date.”
