U.S. Treasury Secretary Janet Yellen has emphasized the possibility of the U.S. defaulting on its debt obligations by June 1, while Goldman Sachs estimates a "real deadline" around June 8-9. Yellen restated her concerns during an interview, stating that it is a hard deadline and expressing doubt about the U.S. being able to pay all its bills by June 15.

She discouraged using the 14th Amendment as a solution and urged Congress to raise the debt ceiling. Goldman Sachs also believes that Congress should act promptly and not wait until the last minute, suggesting a higher risk of default by early June. The Congressional Budget Office has also warned about the significant risk of default in the first two weeks of June.

The potential consequences of a U.S. default are seen as catastrophic, with top executives from major U.S. companies urging swift action to prevent such a situation and concerns about the dollar's reserve currency status. 

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