FILE - Treasury Secretary Janet Yellen speaks during a meeting with President Joe Biden and business leaders about the debt limit in the South Court Auditorium on the White House campus, Wednesday, Oct. 6, 2021, in Washington. On Tuesday, Nov. 16, 2021, Yellen told Congress that she believed she would run out of maneuvering room to avoid the nation’s first-ever default soon after Dec. 15.
In a letter to congressional leaders, Yellen said that she believed Treasury could be left with insufficient resources to keep financing the government beyond Dec. 15. “To ensure the full faith and credit of the United States, it is critical that Congress raise or suspend the debt limit as soon as possible,” Yellen wrote to congressional leaders.
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Federal Government Could Be Unable to Pay Bills as Soon as Dec. 15, Yellen SaysTreasury Secretary Janet Yellen said the federal government might no longer be able to pay all of its bills as soon as Dec. 15, urging Congress to act This country has more money than they can spend and she knows it 🙄 Good news though…the banks are willing to extend credit. Welcome to the United States of Citibank.
Source: WSJ - 🏆 98. / 63 Read more »
Federal Government Could Be Unable to Pay Bills as Soon as Dec. 15, Yellen SaysTreasury Secretary Janet Yellen said the federal government might no longer be able to pay all of its bills as soon as Dec. 15, urging Congress to act This country has more money than they can spend and she knows it 🙄 Good news though…the banks are willing to extend credit. Welcome to the United States of Citibank.
Source: WSJ - 🏆 98. / 63 Read more »
Treasury secretary estimates US could reach debt limit on December 15Treasury Secretary Janet Yellen now estimates that the government will run out of money on December 15, an extension from the previous deadline of December 3. Maybe Trump could give the US Treasury a loan. Not to be a downer here, but we ran out a long time ago, this is so false it’s crazy, we are trillions in debt… therefore we have no money. Keep trying to get elonmusk to pay for your mistakes fiber for the body of the plane. Thank you, flying high
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