Janet Yellen: We don’t know yet when the US treasury will run out of liquidity

US Treasury Secretary Janet Yellen said there was still uncertainty about when the cash needed to repay the government’s debt would run out, but she would keep Congress informed of any change in the date, which could be around June 1.

Yellen told Bloomberg Television that she will meet with top Wall Street bankers to talk about the debt ceiling next week.

She reaffirmed that Congress’ failure to raise the debt ceiling of $31.4 trillion would lead to an economic and financial catastrophe.