about a bruising fight over the debt ceiling this year that could be at least as disruptive as the protracted battle of 2011, which prompted a brief downgrade of the U.S. credit rating and years of forced domestic and military spending cuts.
Yellen's estimate expressing confidence that the government could pay its bills only through early June without increasing the limit marks a deadline considerably sooner than forecasts by some outside budget analysts that the government would exhaust its cash and borrowing capacity - the so called "X Date" - sometime in the third quarter of calendar 2023.
Yellen said that there was "considerable uncertainty" around the length of time that extraordinary measures could stave off default, due to a variety of factors, including the challenges of forecasting the government's payments and revenues months into the future.As of Wednesday, Treasury data showed that U.S. federal debt stood $78 billion below the limit, with a Treasury operating cash balance of $346.4 billion.
Shut it down.
How come USA is still rated AAA
U.S. will be divided into two countries in 2061...still has 38 years to raise debt limit...
She also said that inflation was transitory.
Basij is one of the sub-branches of the IRGC, which without official authorization engages in violence, rape, threats, stealing and beating people and students. IRGCterrorists
Just raise the ceiling, what’s the deal? Let’s not pretend that the debt is real.
Cruz is a coup plotting cult coward.
No cut size of government by eliminating the waste and fraud
Well then they better stop spending and arming nazis to the teeth
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Yellen warns of U.S. default risk by early June, urges debt limit hikeU.S. Treasury Secretary Janet Yellen said that the United States would likely hit the statutory limit on its debt on January 19, forcing the Treasury to take 'extraordinary measures' to prevent a default the rich needs to go broke Before I came to USA, 2010, debt was about $13.5 trillion. Debt was $31.12 trillion as of 2022 while I was being Jailed, Locked in Psychiatric Hospitals, Bullied, Tortured, Poisoned and Raped. As God/Allah/Yahweh of USA I have a Debt of about $32 Trillion because of Incompetency How can that be when Biden reduced the deficit by over a trillion? Oh right, there is a difference between deficit and debt, and the new deficit increased the debt. I guess proudly proclaiming the debt was only increased by $1.4T doesn’t sound quite as catchy.
Source: Reuters - 🏆 2. / 97 Read more »
U.S. to hit debt limit next week, Yellen warns CongressBREAKING: The U.S. is on track to hit its debt limit next week. Sec. Yellen said the Treasury Dept. will begin taking “extraordinary measures” to avoid a default but urged Congress to take further action. people that print money talking about a default 🙄😏 We need to pay our debt, not put it off The Senate should be forced to reverse some of these huge spending bills & if they don’t. Shut it down. NoNewSpending
Source: NBCNews - 🏆 10. / 86 Read more »
Yellen Calls on Congress to Raise Debt LimitTreasury Secretary Janet Yellen called on Congress to raise the debt ceiling as soon as possible, warning the government could be unable to pay its bills by June Maybe ask the gov to limit spending. Nope. Americans cannot afford more debt. We do not have an everlasting amount of money to spend.
Source: WSJ - 🏆 98. / 63 Read more »
US will hit debt ceiling next week, Yellen says in announcing 'extraordinary measures'The United States will hit the federal debt limit next week, and the Treasury will begin taking action to keep the government from defaulting on its debt, Treasury Secretary Janet Yellen announced. Show down begins ! Another complete disaster. Useless. I wonder why?
Source: dcexaminer - 🏆 6. / 94 Read more »
U.S. will hit its debt limit Thursday, start taking steps to avoid default, Yellen warns CongressTreasury Secretary Janet Yellen wrote House Speaker Kevin McCarthy, 'It is unlikely that cash and extraordinary measures will be exhausted before early June.' SecYellen POTUS FJB SecYellen FJY federalreserve FJP I suppose stopping spending money is out of the question? ask Ukraine for a refund.
Source: CNBC - 🏆 12. / 72 Read more »