Treasury sets new potential debt default deadline of June 5

Treasury Secretary Janet Yellen on Friday issued a new letter to Congress estimating that the government won’t be at risk of running out of money to pay all its bills until June 5 — slightly later than the agency’s previous estimate of as soon as June 1.

“Based on the most recent available data, we now estimate that Treasury will have insufficient resources to satisfy the government’s obligations if Congress has not raised or suspended the debt limit by June 5,” Yellen wrote.

Republicans questioned Yellen’s methodology, with some accusing her of “manipulation tactics.”

“June 5? Yellen…

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