Janet Yellen, pictured here holding a news conference in the Cash Room at the Treasury Department in Washington, U.S. July 28, 2022.
The U.S. government bumped up against that limit last Thursday, prompting the Treasury Department to initiate a series of actions that are known as "extraordinary" measures and are intended to stave off a default. Yellen did not provide any further clarity on how long the measures can be used to avoid the Treasury running out of cash; earlier this month, she projected the measures will keep the government funded until at least early June.
"Like the president has said many times, raising the debt ceiling is not a negotiation; it is an obligation of this country and its leaders to avoid economic chaos," White House press secretary Karine Jean-Pierre said in a statement last week. "Congress has always done it, and the president expects them to do their duty once again. That is not negotiable."If the U.S.
How about... STOP PRINTING MONEY!? The more Treasury prints, the more the current circulation is devalued.
How about... STOP PRINTING MONEY!? The more Treasury prints, the more the current circulation is devalued.
Only thing extraordinary at this point would be actually paying it off.
They need to put her out to pasture
Can someone just drop her off in Mexico and leave her with no passport?
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Treasury Secretary Janet Yellen Takes Measures to Ease Debt-Ceiling WoesThe Treasury Department will stop fully investing in a government investment vehicle for federal employees as the U.S. bumps up against its debt ceiling, Janet Yellen said Wish they extended that to the fbi. When they broke into my car to steal the evidence I compiled regarding medical fraud, workplace assault, harassment, stalking, etc one the agents was driving a govt leased vehicle (got the license plate too). Guess, I should be thankful. How about CUTTING SPENDING? Nationalise the federal reserve! Liberate the fed liberate the US!
Source: WSJ - 🏆 98. / 63 Read more »
U.S. Treasury activates another maneuver to avoid breaching debt limitU.S. Treasury Secretary Janet Yellen activated another extraordinary cash management measure on Tuesday to avoid breaching the federal debt limit, suspending daily reinvestments in a large government retirement fund that holds Treasury debt, the department said. God bless her! Janet Yellen is at the helm of the largest Ponzi scheme in human history Another gimmick. Instead of engaging in all these shenanigans, the Treasury should MTFC.
Source: Reuters - 🏆 2. / 97 Read more »
Treasury takes another 'extraordinary' step on debt limitWASHINGTON (AP) — U.S. Treasury Secretary Janet Yellen sent a letter Tuesday to congressional leaders saying she's suspending the reinvestment of some federal bonds in a government workers' savings plan — an additional “extraordinary' measure to buy time for President Joe Biden and Congress to raise the nation's debt limit . Business Is raising the debt ceiling the only solution?
Source: AP - 🏆 728. / 51 Read more »