Speaking to reporters in Senegal, Yellen warned that Washington could spur a global financial crisis and undermine the role of the dollar if it does not raise the $31.4 trillion debt limit. She said the Treasury Department cannot prioritize its payments, as some Republicans have suggested.
Government officials and outside experts say that prioritizing certain payments over others would mark a radical departure that likely would shake global economies. McCarthy said on Twitter he would meet Biden to "discuss a responsible debt ceiling increase to address irresponsible government spending."
Source: Loan Digest (loandigest.net)
Govt officials should take a 35 percent pay cut for 90 days and many furloughed for 6 months if not critical and essential. As a starting point ...
Zoom with pre submitted notes . No need to travel
It will be raised. It's always been raised.
Lmao.
Biden and Yellen to fix this? Hold on to your wallet…and your retirement.
No negotiations with hostage taking Trump-Christo-Fascist GOP
House Republicans want to destroy the economy.
'Which sector should we bail out first?'
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Yellen says Treasury is taking extraordinary measures to avoid default as U.S. hits debt limitPlease default. Everyone who’s about to feel the pain of this entirely avoidable situation can thank their obstructionist Republican congressman. FederalReserve Yellen Economy The first thing to cut is these enormous government salaries! Start with yourself and leave the postal workers alone!
Source: CNBC - 🏆 12. / 72 Read more »
Treasury began using 'extraordinary measures' Thursday as debt limit reached, Yellen saysTreasury Secretary Janet Yellen confirmed to top U.S. lawmakers in a letter that her department began to use 'extraordinary measures' on Thursday due to the... Hmmm all the free money Democrats give out has backfired . Shocking💥
Source: MarketWatch - 🏆 3. / 97 Read more »
Yellen’s Treasury Dept. halts two federal retirement funds after government hits debt limitInvestments in two federal retirement funds will be suspended as part of ‘extraordinary measures’ More details please. What do these funds cover? Nice...boy am I glad I'm not relying on the government for my retirement, I can't even imagine how those retirees that put their whole lives into this country getting the short end of things And here comes the Biden spending pain.. enjoy America 🇺🇸 you voted for this…
Source: MarketWatch - 🏆 3. / 97 Read more »
Treasury is starting 'extraordinary measures' to avoid debt default, Yellen tells lawmakersThe Treasury Department began using 'extraordinary measures' to avoid defaulting on the nation's debt. Secretary Janet Yellen urged Congress to act. the putinbots are pleased
Source: USATODAY - 🏆 100. / 63 Read more »
Treasury Secretary Janet Yellen shames Russia and China in Africa speechTreasury Secretary Janet Yellen used her first speech on African soil to take direct aim at Russia and to call on China to offer debt relief to struggling economies. China's debt relief comes at high price as discovered by Pakistan, Sri Lanka & others. In addition they demand setting up of military bases & access to ports for their warships. We should not be encouraging Chinese expansionism.
Source: axios - 🏆 302. / 63 Read more »
US Treasury buys time for Biden and GOP on debt limit dealThe countdown toward a possible U.S. government default began Thursday with Treasury implementing accounting measures to buy time as frictions between President Joe Biden and House Republicans raise alarms about whether the United States can sidestep a potential economic crisis. The Treasury Department said in a letter to congressional leaders it has started taking “extraordinary measures” as the government has run up against its legal borrowing capacity of $31.381 trillion. An artificially imposed cap, the debt ceiling has been increased roughly 80 times since the 1960s. Cutting spending is not that 'extraordinary', people do it all the time. The only thing government produces is waste. The US is being held hostage by the same coup plotting criminals who tried to take down the government on J6. Why this is not the headline news on every news coverage? RETIREMENT
Source: YahooNews - 🏆 380. / 59 Read more »