Yellen Says Treasury Could Be Out of Cash by June

Janet Yellen warns that the Treasury's debt limit measures may be exhausted by June 1st, potentially leading to a default. Market strategists are concerned about low tax receipts, suggesting the X date could be earlier than expected. The White House and Republicans are at a standoff, with the White House seeking a clean debt ceiling raise and Republicans demanding spending cuts. The urgency of the situation is highlighted by past credit rating downgrades and the short time frame for action.

What is the White House's position on negotiating the debt ceiling?

What potential impact does Janet Yellen's statement have on negotiations between Republicans and Democrats?