The deadline of June 1 for lifting the national debt ceiling has been reaffirmed by US Treasury Secretary Janet Yellen as being non-negotiable.

The nation might experience a default on its borrowing obligations as early as June 1. If a solution cannot be reach & the debt ceiling isn’t raise.

The end of July was previous see to be a more realistic deadline. Thus the possible default date is earlier than some on Wall Streets had anticipate.

Pressure to find a solution that addresses both the immediate need to raise the debt ceiling and long-term budgetary discipline grows.

As lawmakers race to come up with a solution earlier June 1 in these tumultuous circumstances. All focus will be on Washington.