So now we’re NOT running out of money on June 1?

A public service announcement. The end of the world has been postponed by at least four days. Janet Yellen had repeatedly assured us that the nation would run out of money to cover its debts by June 1st. But with a deal in the works, seemingly drawing closer by the day, she’s now saying we should still have some change left in the national piggy bank until June 5. At the same time, this all may turn out to be much ado about nothing. ABC News is reporting that both the White House and the Speaker’s office are increasingly “optimistic” that they are close to a deal that will make it through both chambers and to the President’s desk. The emphasis remains on the word “may,” however, because there are still a few potential flies in the ointment.Read More