Key Takeaways:
US Treasury Secretary warned that the US could default on debt as early as 1st June
Financial leaders viewed that the X-date would most possibly hit July
Default would have a catastrophic impact on a macro level, sparking a worldwide financial panic in the markets as stock markets may crash, wiping out investors
Biden and the four top congressional leaders were originally scheduled to meet again Friday. It was later delayed, and a new meeting is expected next week before Wednesday
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