Yellen: U.S. could default on its debt as soon as June 1 if Congress doesn’t act | CNN Business

Yellen: U.S. could default on its debt as soon as June 1 if Congress doesn’t act

U.S. Treasury Secretary Janet Yellen wrote a letter to House Speaker Kevin McCarthy, saying Congress must address the debt limit before it harms American families and global financial systems. CNN’s Manu Raju reports.