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The Situation Room with Wolf Blitzer
The Situation Room with Wolf Blitzer: The command center for breaking news, politics and extraordinary reports from around the world. The Situation Room airs weekdays 6p-7p Eastern, Monday through Friday on CNN. Visit CNN.com/TheSituationRoom.
Yellen: early June default “highly likely” if debt limit not reached
The Situation Room with Wolf Blitzer
May 23, 2023
Tense negotiations are underway at the White House as the clock ticks toward a potentially catastrophic debt default. Treasury Secretary Janet Yellen issues a new warning to Congress saying it is highly likely the U.S. will not be able to pay its bills by early June. Also, Trump accuser E. Jean Carroll is seeking further damagers from the former president for disparaging comments he made about her during a CNN town hall. Plus, it now appears Bakhmut has finally fallen to Russia, but Ukrainian forces say they still hold a small portion of the totally ruined city.