Democrat President Joe Biden’s Treasury Department Secretary Janet Yellen has warned that “time is running out” for America to avoid a catastrophic default on the national debt.
Yellen is urging Congress to lift the debt ceiling to avert a default, which she warns would be devastating for the economy.
According to Yellen, a default will trigger an “unprecedented economic and financial storm.”
“Time is running out,” Yellen warned during remarks to the Independent Community Bankers of America.“Every single day that Congress does not act, we are experiencing increased economic costs that could slow down the U.S. economy.Yellen’s department has cautioned that its ability to stave off a default using extraordinary measures could run out by June 1 unless Congress takes action.The Biden administration has been locked in debate with lawmakers on how to address the looming deadline.“Our current best estimate underscores the urgency of this moment: It is essential that Congress act […]
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Was Janet Yellen in the LORD OF THE RINGS trilogy?
She sure as hell has no knowledge of what she is in a position to do. But she (?) speaks from empty head.
Typical liberal. Janet Yellen and the Fed are the ones who will/have Triggered ‘Unprecedented Economic and Financial Storm’ not the default itself.