Treasury Secretary Janet Yellen sent a letter Friday afternoon to Speaker of the House Kevin McCarthy (R-CA) that extends the debt ceiling deadline from June 1 to June 5. The letter comes as negotiations remain deadlocked as Joe Biden heads out of town for the holiday weekend. With no deal in sight, McCarthy told the House to go home until he calls them back for a vote, which he has said will abide by the 72 hour rule for members to review the deal.
Biden is headed to Camp David on Friday and is set to stay until Sunday when he will head to his Wilmington, Delaware home. On Monday Biden will lead the Memorial Day remembrance at Arlington Cemetery.