US Treasury Sec. Yellen: There is uncertainty surrounding government payment flows
|In an interview with Reuters, US Treasury Secretary Janet Yellen said they will begin to invoke extraordinary cash management measures if Congress does not raise or suspend the debt limit by the end of July.ç
Additional takeaways
"On track to end July with a $450 billion cash balance as previously estimated."
"Will soon provide Congress with more details about how long extraordinary debt measures can last."
"There is uncertainty surrounding US government payment flows, need to be careful on debt estimates."
Market reaction
These comments don't seem to be having a noticeable impact on market sentiment. As of writing, S&P Futures were flat on the day at 4,376.
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