Treasury Secretary Janet Yellen revised the projected X-date for the budget ceiling to June 5, pushing back the threat of a default on the nation’s financial obligations for four days. Yellen updated the prediction on the afternoon of May 26, revising the previous estimate of “early June” given in January and later revised to “potentially…

Alec Phillips, a research chief political economist at Goldman Sachs, expects the United States to have time until June 8 before the country runs out of money to service its payments. Earlier, Treasury Secretary Janet Yellen had said that the X-date—the date when the United States will be unable to pay its bills and thus…