Sunday, July 25

Debt Ceiling

Barack Obama, Debt Ceiling, Donald Trump, Economy, Janet Yellen, Joe Biden, Markets, Mitch McConnell, National Debt, Policy, Politics, Treasury, Treasury Department

Janet Yellen says Treasury is prepared to pay the US’s bills to prevent’irreparable harm’ to the economy as GOP balks at raising debt ceiling

Yellen said Treasury is prepared to pay off the country's bills starting August 2. It comes as McConnell opposes raising the debt ceiling without political concessions. Yellen said even the threat of a default risks major damage to the US economy. LoadingSomething is loading. Treasury Secretary Janet Yellen sent a letter to Congress urging lawm...
Congress, Debt Ceiling, Democrats, Economy, infrastructure bill, Mitch McConnell, National Debt, Politics, Reconciliation, senate republicans, White House

Democrats slam Mitch McConnell for taking economy’hostage’ by rallying GOP against extending US’s ability to pay its bills on time

Democrats assailed Mitch McConnell for trying to rally Republicans against raising the debt ceiling. "He's not going to be able to hold the economy hostage," a top Democrat said Wednesday. Republicans had previously backed raising the debt ceiling under Trump. LoadingSomething is loading. Congressional Democrats slammed Senate Minority Leader M...
Bonds, Debt Ceiling, Economy, Economy & Markets, Federal Debt, Janet Yellen, Markets, Policy, Politics, US Treasury, us treasury bonds

Treasury Secretary Janet Yellen warns of’absolutely catastrophic’ hit to economic recovery this summer if US can’t pay its bills on time

On Wednesday Secretary Yellen asked Congress to extend a July deadline to pay back some of the federal debt. Without an extension, she warned of a "catastrophic" default that could hurt economic recovery. Some in the GOP have signaled they want spending cuts in exchange for increasing the debt ceiling. LoadingSomething is loading. ...