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Janet Yellen warns US could run out of cash by 1 June
BBC reported that US Treasury Secretary Janet Yellen has warned that the US may run out of cash by 1 June if Congress fails to raise or suspend the debt ceiling.
Reaching the debt ceiling would mean that the government is unable to borrow any more money. The debt ceiling has been raised, extended or revised 78 times since 1960.
On Monday, Yellen urged Congress to act “as soon as possible” to address the $31.4tr (£25.12tr) limit. President Biden has called a meeting of congressional leaders on the issue on 9 May.
A default – which would be the first in US history – could upend global financial markets and shatter trust in the US.
In a letter to members of Congress on Tuesday, Yellen said that “We have learned from past debt limit impasses that waiting until the last minute to suspend or increase the debt limit can cause serious harm to business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States.”
Ms Yellen added that it is impossible to know for sure when exactly the US will run out of cash.
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Showers above 100 mm are likely at some places in the Western, Sabaragamuwa, Central, Uva and Southern provinces and in Anuradhapura district
WEATHER FORECAST FOR 08 OCTOBER 2026
Issued at 05.30 a.m. on 08 October 2026 by the Department of Meteorology
Misty conditions can be expected at some places in the Western, Sabaragamuwa, Central and Uva provinces and in Galle and Matara districts during the early hours of the morning.
Showers or thundershowers will occur in the most part of the island after 1.00 p.m. Heavy showers above 100 mm are likely at some places in Western, Sabaragamuwa, Central, Uva and Southern provinces and in Anuradhapura district.
The general public is kindly requested to take adequate precautions to minimize damage caused by temporary localized strong winds and lightning during thundershowers.
Former first lady Shiranthi Rajapaksa, wife of former President Mahinda Rajapaksa was produced before the Hulftsdorp court, after being arrested by officers of the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) and produce
Smriti Mandhana has been named India’s all-format women’s captain on the same day Harmanpreet Kaur stepped down from the role after nearly a decade since she first took over.
Mandhana – vice-captain to Harmanpreet for much of this period – has previously led India in four ODIs and 18 T20Is, apart from captaining Maharashtra in domestic cricket and Royal Challengers Bengaluru in the Women’s Premier League.
Mandhana’s first assignment will be the limited-overs series against Zimbabwe beginning with the three T20Is in Raipur from October 16. On Tuesday, Mandhana was part of the selection meeting chaired by Amita Sharma to pick the squad for the tour.
Terming the appointment a “special honour”, Mandhana also acknowledged the contributions of her predecessor in her welcome note.
“I would also like to acknowledge Harmanpreet and the contribution she has made as captain over the years,” she was quoted as saying by the BCCI. “She has led the team with great commitment and has been an important part of our journey.
“I understand the responsibility that comes with this role and look forward to working with the team, learning along the way and giving my best to take Indian cricket forward.”
Mandhana’s appointment comes on the back of a review meeting held on Monday in Guwahati. Chaired by secretary Devajit Saikia, the meeting was also attended by Mandhana, Harmanpreet and head coach Amol Muzumdar to chart a roadmap forward, with an eye on next year’s inaugural Women’s Champions Trophy in February as well as the T20 World Cup and Los Angeles Olympics in 2028.
Mandhana, India’s best all-format batter, has been knocking on the doors for a while. Earlier this year, she led RCB to their second WPL title, in which she also top-scored in the final.
In September, she overtook Mithali Raj to become the leading run-scorer in women’s international across formats. Her 18 international hundreds are also the most in women’s cricket. She is also the first Indian woman to score centuries in all formats.
[Cricinfo]
Showers or thundershowers will occur in most part of the island after 1.00 p.m.
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