, much earlier than many analyses had previously predicted, because tax receipts have come in lower than projected.
How fast the lawsuit may advance through the legal system depends, in part, on the judge, Tribe noted. ”It could move extremely quickly,” he said. “It’s quite hard to predict.” “If Congress is going to demonstrate this propensity for hostage taking,” Eisen said, then “a reallocation of authority in this dimension away from Congress” may be called for.for the United States to avoid an economic “calamity” if the debt ceiling isn’t raised. Economists say the standoff has distorted financial markets. Since Yellen warned a week ago that the government could default on its debt as early as June 1, interest rates on one-month Treasury bills have been shooting higher.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Treasury Secretary Janet Yellen dodges question on invoking 14th Amendment to avoid defaultTreasury Secretary Janet Yellen dodged questions Sunday about whether the Biden administration is considering invoking the 14th Amendment to avoid default if Congress fails to lift the debt ceiling.
Source: WashTimes - 🏆 235. / 63 Read more »
Treasury Secretary Yellen warns of ‘economic calamity’ if debt ceiling is not raisedThe US has “no good options” to avoid an “economic calamity” if lawmakers refuse to raise the debt ceiling in the next few weeks, Treasury Secretary Janet Yellen said Sunday. The …
Source: nypost - 🏆 91. / 67 Read more »
US Treasury Secretary Yellen: Failure by Congress to act on debt ceiling could trigger 'constitutional crisis'US Treasury Secretary Yellen: Failure by Congress to act on debt ceiling could trigger “constitutional crisis” – by anilpanchal7 UnitedStates FiscalPolicy NewsTrading RiskAppetite
Source: FXStreetNews - 🏆 14. / 72 Read more »
Treasury secretary: 'No good options' if Congress fails to act on debtThe treasury secretary says there are
Source: cbsaustin - 🏆 595. / 51 Read more »
'No Good Options' If Congress Fails To Act On Debt, Yellen SaysTreasury Secretary Janet Yellen said the U.S. risks an economic “calamity” if Congress fails to raise the nation’s debt limit.
Source: HuffPostWomen - 🏆 27. / 68 Read more »
Yellen: 'No good options' if Congress fails to act on debtTreasury Secretary Janet Yellen says there are “no good options” for the United States to avoid an economic “calamity” if Congress fails to raise the nation’s $31 trillion-plus borrowing limit in the coming weeks. In a TV interview Sunday, she didn't rule out President Joe Biden acting on his own to try to avert a first-ever federal default. Her comments added even more urgency to a high-stakes meeting Tuesday between Biden and congressional leaders from both parties. An increase in the debt limit wouldn't authorize new federal spending. It would only allow borrowing to pay for what Congress has already approved. Without an increase, Yellen says the U.S. could default on its debt as early as June 1.
Source: AP - 🏆 728. / 51 Read more »