Yellen Warns US on Track to Default in October

The Fiscal Times2021-09-10

Treasury Secretary Janet Yellen issued another warning to lawmakers Wednesday: Raise or suspend the debt ceiling as soon as possible. In a letter addressed to House Speaker Nancy Pelosi (D-CA), Yellen...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

PS153
2021-09-11
PS153
looks serious. please like n comments. thank you
- NCM:
  Ok
SPOT_ON
2021-09-11
SPOT_ON
That is bad
- Pschoa:
  Hi
- Targarean:
  Sounds extremelt bad but US wont let it happen. It’s their way of getting bipartisan support to increase debt ceiling
- Caribou:
  [捂脸]
JorgenS
2021-09-11
JorgenS
Let's wait
PYBG
2021-09-11
PYBG
Wow, scary
- PS153:
  it's serious
- mwsi7128:
  this would be the 1st time US treasury defaul........... scary thing should it happen............
BlueDaisy
2021-09-10
BlueDaisy
Not surprised...
Yunnn
2021-09-10
Yunnn
Cannot imagine
- EstherPang:
  [微笑]

Leave a comment

118

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1150874422?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-09-10 21:48","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1150874422","market":"us","top_or_hot":-1,"title":"Yellen Warns US on Track to Default in October","media":"The Fiscal Times","content":"<div>\n<p>Treasury Secretary Janet Yellen issued another warning to lawmakers Wednesday: Raise or suspend the debt ceiling as soon as possible.\nIn a letter addressed to House Speaker Nancy Pelosi (D-CA), Yellen...</p>\n\n<a href=\"https://finance.yahoo.com/news/yellen-warns-us-track-default-225445450.html\">Source Link</a>\n\n</div>\n","source":"lsy1631281755125","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Yellen Warns US on Track to Default in October</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYellen Warns US on Track to Default in October\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-10 21:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/yellen-warns-us-track-default-225445450.html><strong>The Fiscal Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Treasury Secretary Janet Yellen issued another warning to lawmakers Wednesday: Raise or suspend the debt ceiling as soon as possible.\nIn a letter addressed to House Speaker Nancy Pelosi (D-CA), Yellen...</p>\n\n<a href=\"https://finance.yahoo.com/news/yellen-warns-us-track-default-225445450.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SPY","symbol_name":"标普500ETF","start_time":0,"source_url":"https://finance.yahoo.com/news/yellen-warns-us-track-default-225445450.html","article_id":"1150874422","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1150874422","pubTimestamp":1631281699,"sourceInfo":{"source_id":"lsy1631281755125","name":"The Fiscal Times"},"weMediaInfo":null,"summary":"Treasury Secretary Janet Yellen issued another warning to lawmakers Wednesday: Raise or suspend the ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"translate_title":"耶伦警告美国10月份可能违约","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9},"content_text":"Treasury Secretary Janet Yellen issued another warning to lawmakers Wednesday: Raise or suspend the debt ceiling as soon as possible.\nIn a letter addressed to House Speaker Nancy Pelosi (D-CA), Yellen said that according to the latest internal estimates, the Treasury could run out of money at some point in October. “Once all available measures and cash on hand are fully exhausted, the United States of America would be unable to meet its obligations for the first time in our history,” she wrote.\nThe Treasury has been using its cash surplus to make payments since the suspension of the debt ceiling expired last month and has employed “extraordinary measures” to postpone as many payments as possible to delay the threat of default as long as possible. Those measures include “a suspension of certain investments in the Civil Service Retirement and Disability Fund, the Postal Service Retiree Health Benefits Fund, and the Government Securities Investment Fund of the Federal Employees' Retirement System Thrift Savings Plan,” Yellen said.\nWhile there is some uncertainty about the exact date, in part due to substantial tax payments expected on September 15, Yellen urged Congress not to wait.\n“We have learned from past debt limit impasses that waiting until the last minute to suspend or increase the debt limit can cause serious harm to business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States,” Yellen wrote. “A delay that calls into question the federal government's ability to meet all its obligations would likely cause irreparable damage to the U.S. economy and global financial markets. At a time when American families, communities, and businesses are still suffering from the effects of the ongoing global pandemic, it would be particularly irresponsible to put the full faith and credit of the United States at risk.”\nPelosi blames Trump: The Speaker told reporters Wednesday that Democrats plan to act on the debt ceiling in the coming weeks, though she offered no details on how they plan to do so. She did, however, say that they will not add a debt ceiling increase to the $3.5 trillion spending bill they hope to pass on a purely partisan basis.\n“We won't be putting it in reconciliation,” Pelosi said, rejecting the approach recommended by Republican leaders, who have said they will not vote to increase the debt limit.\nPelosi invoked former President Donald Trump’s policies as she discussed the debt limit, while also chiding Republicans for their refusal to cooperate with the effort. “The Trump administration … amassed over $7 trillion in debt, and that's what this debt ceiling lift is paying for ... We're paying the Trump credit card with what we would do to lift the debt ceiling,” Pelosi said. “It's the responsible thing to do. I would hope Republicans would act in a similar way.”\nSen. Majority Leader Chuck Schumer (D-NY) also criticized Republicans Wednesday for their stance on the debt ceiling. “It would be just the height of irresponsibility for Republicans to play games to take the debt limit hostage,” Schumer said. “It would be a horrible act — a despicable act really.”","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":881209322,"gmtCreate":1631337352266,"gmtModify":1676530532264,"author":{"id":"3564565270877568","authorId":"3564565270877568","name":"PS153","avatar":"https://static.tigerbbs.com/2e185e8aa9ee6ee618f951b9141b9e40","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"looks serious.&nbsp;please like n comments. thank you","listText":"looks serious.&nbsp;please like n comments. thank you","text":"looks serious. please like n comments. thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/881209322","repostId":1150874422,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5830146,"gmtCreate":1631343706713,"gmtModify":1631889719807,"authorId":3567832114052050,"author":{"id":3567832114052050,"authorId":3567832114052050,"name":"NCM","avatar":"https://static.tigerbbs.com/bd72c39fd9a998a91f641828e572613e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":881209322,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":881374564,"gmtCreate":1631312572858,"gmtModify":1676530524449,"author":{"id":"3582922989777578","authorId":"3582922989777578","name":"SPOT_ON","avatar":"https://static.tigerbbs.com/080f029371339d9db26930961de6adb1","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":1},"htmlText":"That is bad","listText":"That is bad","text":"That is bad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/881374564","repostId":1150874422,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5827178,"gmtCreate":1631326135369,"gmtModify":1663233707930,"authorId":3582186770863797,"author":{"id":3582186770863797,"authorId":3582186770863797,"name":"Pschoa","avatar":"https://static.tigerbbs.com/6048d8c3ccf7b9e4abd018d7a405e329","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":881374564,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"},{"id":5824342,"gmtCreate":1631315831579,"gmtModify":1663233695735,"authorId":3573540190522229,"author":{"id":3573540190522229,"authorId":3573540190522229,"name":"Targarean","avatar":"https://community-static.tradeup.com/news/59de1c73df3e7e460bd84cc786850fa6","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.11","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":881374564,"type":1,"supId":0,"prevId":0,"content":"Sounds extremelt bad but US wont let it happen. It’s their way of getting bipartisan support to increase debt ceiling","text":"Sounds extremelt bad but US wont let it happen. It’s their way of getting bipartisan support to increase debt ceiling","html":"Sounds extremelt bad but US wont let it happen. It’s their way of getting bipartisan support to increase debt ceiling"},{"id":5823920,"gmtCreate":1631312660526,"gmtModify":1663233693028,"authorId":4090994731106030,"author":{"id":4090994731106030,"authorId":4090994731106030,"name":"Caribou","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":881374564,"type":1,"supId":0,"prevId":0,"content":"[捂脸]","text":"[捂脸]","html":"[捂脸]"}],"langContent":"EN"},{"id":881347927,"gmtCreate":1631310290769,"gmtModify":1676530524216,"author":{"id":"3556245356712656","authorId":"3556245356712656","name":"JorgenS","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0},"htmlText":"Let's wait","listText":"Let's wait","text":"Let's wait","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/881347927","repostId":1150874422,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":881366762,"gmtCreate":1631295405256,"gmtModify":1676530523437,"author":{"id":"4091333355237140","authorId":"4091333355237140","name":"PYBG","avatar":"https://static.tigerbbs.com/ffceefb16436db08633bced1bf654393","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Wow, scary","listText":"Wow, scary","text":"Wow, scary","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/881366762","repostId":1150874422,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5829323,"gmtCreate":1631337380989,"gmtModify":1663233715170,"authorId":3564565270877568,"author":{"id":3564565270877568,"authorId":3564565270877568,"name":"PS153","avatar":"https://static.tigerbbs.com/2e185e8aa9ee6ee618f951b9141b9e40","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":881366762,"type":1,"supId":0,"prevId":0,"content":"it's serious","text":"it's serious","html":"it's serious"},{"id":5823392,"gmtCreate":1631298660545,"gmtModify":1663233689930,"authorId":3577516504779986,"author":{"id":3577516504779986,"authorId":3577516504779986,"name":"mwsi7128","avatar":"https://static.tigerbbs.com/2de12058e4995503d289303fb0b984fc","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":881366762,"type":1,"supId":0,"prevId":0,"content":"<p>this would be the 1st time US treasury defaul........... scary thing should it happen............</p>","text":"<p>this would be the 1st time US treasury defaul........... scary thing should it happen............</p>","html":"<p>this would be the 1st time US treasury defaul........... scary thing should it happen............</p>"}],"langContent":"EN"},{"id":881307939,"gmtCreate":1631288902721,"gmtModify":1676530522180,"author":{"id":"3582677971530678","authorId":"3582677971530678","name":"BlueDaisy","avatar":"https://static.tigerbbs.com/0747094283743978b62fb8b1ee2cf44c","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Not surprised...&nbsp;","listText":"Not surprised...&nbsp;","text":"Not surprised...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/881307939","repostId":1150874422,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":881951496,"gmtCreate":1631286882215,"gmtModify":1676530521348,"author":{"id":"3580111995316077","authorId":"3580111995316077","name":"Yunnn","avatar":"https://community-static.tradeup.com/news/69a997f43c1ae1ab1328730154099e96","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Cannot imagine","listText":"Cannot imagine","text":"Cannot imagine","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/881951496","repostId":1150874422,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5837323,"gmtCreate":1631411837146,"gmtModify":1663233750749,"authorId":3576365817943823,"author":{"id":3576365817943823,"authorId":3576365817943823,"name":"EstherPang","avatar":"https://static.tigerbbs.com/8990239e19377757a2b24cf2333a310d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":881951496,"type":1,"supId":0,"prevId":0,"content":"[微笑]","text":"[微笑]","html":"[微笑]"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":118,"commentSize":33,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1150874422"}