The debt limit must be either raised or suspended soon with Treasury Secretary Janet Yellen warning lawmakers that the federal government will likely run out of cash by October 18 unless Congress raises the debt ceiling. But they might not even have that long.And Democrats and Republicans are at an impasse over how to fix the problem.
" In another reflection of the uncertainty over exactly when that would be, the Bipartisan Policy Center has projected that the"X date" is likely to occur sometime between October 15 and November 4. Democratic and Republican congressional leaders have both warned that Congress cannot wait to act and risk running up against an uncertain deadline.
FED bonds Debt Stimulus interestrates Economy USFederalReserve U.S. debt March 1, 2021,surpassed $28 trillion At the 1st quarter of 2021, the United States public debt-to-GDP ratio was 127.5% Still USA will not go broke. Reason - Money Printing
Headlins: US Government Bankruptcy Sale! Get your own tank, battleship, or stealth aircraft for pennies on the dollar! Buy a Congressman...cheap!
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Republicans Block Democratic Effort To Raise The Debt Ceiling As Officials Warn Of Economic CatastropheThe U.S. could default on its debts for the first time ever if action isn't taken, Treasury Secretary Janet Yellen said. Then the 'officials' (who are they, exactly?) should have taken action on Dubya's admin before they 'lost' $3T. Or before Trump spent trillions foolishly and milked off the top...🙄 Ffs 🤦♂️ Time for the gray hairs to go .
Source: Forbes - 🏆 394. / 53 Read more »
Biden calls out Republicans for refusing to help raise debt ceilingPres. Biden delivers remarks on debt ceiling: “Republicans in Congress raised the debt three times when Donald Trump was president and, each time, with Democratic support. But now, they won’t raise it.” How about we LOWER the limit instead? Stop spending. So it's all Trumps agenda and non of that debt is corona vaccine research and stimulus checks, Roger that!
Source: ABC - 🏆 471. / 51 Read more »
Biden says he can't guarantee debt ceiling lift due to 'hypocritical, dangerous and disgraceful' GOP oppositionPresident Joe Biden on Monday said he couldn't guarantee the debt ceiling would be raised in two weeks as he slammed Republicans for opposing efforts to keep the nation from being unable to pay its debts for the first time in its history. No one wants to bring up the fact that the Fed is a foreign owned private bank printing debt as money. Truth hurts so will getting rid of GOP for a party that loves it's country not attacks it January 6 insurrectionist seditious republican party Worst reaction time (no reaction from you yet) ever for a developing worldwide event. Facebook is down everywhere. Where is CNN?
Source: cnnbrk - 🏆 393. / 55 Read more »