“The U.S. government will run out of money to meet all its payment obligations on June 5 if Congress does not raise the debt ceiling, according to a letter Treasury Secretary Janet Yellen sent to lawmakers on Friday,” the Washington Post reports.
“The new projections provide a timeline for lawmakers on Capitol Hill as they try to strike a deal to raise the nation’s borrowing limit and fund the federal government.”
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Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.
Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.
Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.
Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.
Goddard is the owner of Goddard Media LLC.