In a letter to top lawmakers, Ms. Yellen projected that after Dec. 15, there are scenarios in which the Treasury could have “insufficient resources to continue to finance the operation of the U.S. government.”
Ms. Yellen added that she has “a high degree of confidence” in the Treasury’s ability to make debt payments through Dec. 15. That’s two weeks longer than her initial forecast of Dec. 3.
More money coming in? More pump?