to House Speaker Kevin McCarthy Thursday, informing him that the nation’s debt hit its limit and that the agency will implement"extraordinary measures" to avoid a default. Yellen said the measures would expire on June 5, giving Congress and President Joe Biden several months to The measures are"subject to considerable uncertainty, including the challenges of forecasting the payments and receipts of the U.S. Government months into the future," Yellen wrote.
"I respectfully urge Congress to act promptly to protect the full faith and credit of the United States.
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Here's What You Can Expect to Happen When the US Government Hits the Debt LimitThe U.S. government is hitting the nation's legal borrowing limit today, forcing the Treasury Department to resort to “extraordinary measures” to avoid a default. Can congress repeal unspent pork on already approved legislation to keep the debt ceiling at it's current already ridiculous level?
Source: nbcbayarea - 🏆 596. / 51 Read more »
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 »
US hits debt limit, and countdown begins for 'extraordinary measures' to run outThe United States hit its debt limit, beginning a countdown for the Treasury to miss paying a bill and raising fears of a default. If the dems won the house, this wouldn't even be a headline. All the damage is done. Thanks democrats. 😡 Shut it down, shut it all down Please. They'll do as they always do, just raise the limit. Stop projecting doom n gloom when nothing such is on the horizon. Mainstream media, I swear.
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U.S. hits debt limit, prompting 'extraordinary measures' to avoid default'I respectfully urge Congress to act promptly to protect the full faith and credit of the United States,' Yellen wrote to congressional leaders. Just print more money Not one dime of debt limit increase until spending is reduced, starting with funding for 87000 IRS agents $31 trillion in debt and democrats refuse to control spending
Source: CBSNews - 🏆 87. / 68 Read more »
Treasury starts taking 'extraordinary measures' after US hits debt limitThe Treasury Department on Thursday said in a letter to congressional leaders it has started taking “extraordinary measures” as the government has brushed up against its legal borrowing capacity of $38.381 trillion. It's long past time to stop paying for things with the national credit card. If you can't pay for it don't buy it. We're headed for a very ugly crash if this doesn't stop. But this is what people that vote republican want right? To burn it all down? Good luck with your no social security or any healthcare. It just feels embarrassing.
Source: DenverChannel - 🏆 239. / 63 Read more »
Treasury Department taking ‘extraordinary measures’ as US hits $38 trillion debt limitThe federal government has come up against its borrowing limit of more than $38.3 trillion, Treasury Secretary Janet Yellen announced Thursday, setting up an-early June fight to avoid a potential U… Cutting spending is not that 'extraordinary', people do it all the time. I thought Joe said they were looking forward to working together? the dept. that helped us get there is now going to help us? lololol
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