Yellen warns Congress of 'unthinkable' U.S. default risk without debt limit hike

Reuters2021-06-24

WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Wednesday warned Congress that the United States risks a debt default and a new financial crisis as soon as the August recess if lawmakers...

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Comments

Tjs
2021-06-24
Tjs
Good read
Pestle
2021-06-24
Pestle
Just another reason to print more money..
Xuanlx
2021-06-24
Xuanlx
It was all
edgetrader
2021-06-24
edgetrader
Keep borrowing
- Benedict_cyh:
  Yes cant wait to see US default their deBt
muscleman
2021-06-24
muscleman
Lol
chongyeetan
2021-06-24
chongyeetan
pls like n comment. ?
- Tjs:
  comment
- Watercloset:
  [Smile]

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121

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It’s possible that we could reach that point while Congress is out in August, and I would really urge prompt action on raising the limit or suspending it,” Yellen said.\nAccording to Senate and House of Representatives legislative calendars, the August recess will run from Aug. 9 to Sept. 10 in the Senatehereand July 30 to Sept. 19 in the Househere, with committee work scheduled on several days in early September.\nIf the debt limit prevents Treasury from new borrowing, the government would have to rely only tax receipts to pay obligations, eventually making it impossible to make some debt repayments.\nSEEKING G20 ENDORSEMENT\nYellen told the hearing on the Treasury’s fiscal 2022 budget proposal that Biden administration is hoping to the G20 finance ministers’ endorsement for “the core elements” of its international corporate tax proposals at a meeting next month in Venice, including a global minimum corporate tax.\nShe said the Treasury was working towards an agreement at the G20 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target.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":128631377,"gmtCreate":1624512883399,"gmtModify":1703838946458,"author":{"id":"3585362647544869","authorId":"3585362647544869","name":"Tjs","avatar":"https://static.tigerbbs.com/f297155d3eb2fdd05631b3427342e682","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"3585362647544869","authorIdStr":"3585362647544869"},"htmlText":"Good read","listText":"Good read","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128631377","repostId":1186470605,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":128356179,"gmtCreate":1624502955291,"gmtModify":1703838590505,"author":{"id":"3581981444027204","authorId":"3581981444027204","name":"Pestle","avatar":"https://static.tigerbbs.com/04945f4c1d88893d9bf233f4c190098b","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3581981444027204","authorIdStr":"3581981444027204"},"htmlText":"Just another reason to print more money..","listText":"Just another reason to print more money..","text":"Just another reason to print more money..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128356179","repostId":1186470605,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":128973203,"gmtCreate":1624499759702,"gmtModify":1703838472464,"author":{"id":"3575538899414489","authorId":"3575538899414489","name":"Xuanlx","avatar":"https://static.tigerbbs.com/40e89b303dfec9b3b8b7fe4fc517cff5","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575538899414489","authorIdStr":"3575538899414489"},"htmlText":"It was all&nbsp;","listText":"It was all&nbsp;","text":"It was all","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128973203","repostId":1186470605,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":128989359,"gmtCreate":1624498020371,"gmtModify":1703838401307,"author":{"id":"3570751249933438","authorId":"3570751249933438","name":"edgetrader","avatar":"https://static.tigerbbs.com/7d0e920d94a7891f4c6393f3e5510ccc","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3570751249933438","authorIdStr":"3570751249933438"},"htmlText":"Keep borrowing","listText":"Keep borrowing","text":"Keep borrowing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/128989359","repostId":1186470605,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4986530,"gmtCreate":1624498575163,"gmtModify":1663229870133,"authorId":3581667328055955,"author":{"id":3581667328055955,"idStr":"3581667328055955","authorId":3581667328055955,"name":"Benedict_cyh","avatar":"https://static.tigerbbs.com/216a5cf2e56f81472309860a063b75a6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":128989359,"type":1,"supId":0,"prevId":0,"content":"Yes cant wait to see US default their deBt ","text":"Yes cant wait to see US default their deBt ","html":"Yes cant wait to see US default their deBt "}],"langContent":"EN"},{"id":128914692,"gmtCreate":1624497956116,"gmtModify":1703838396833,"author":{"id":"3558401226103284","authorId":"3558401226103284","name":"muscleman","avatar":"https://static.itradeup.com/news/a8c803d595c506371387f64d11398413","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3558401226103284","authorIdStr":"3558401226103284"},"htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128914692","repostId":1186470605,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":128911361,"gmtCreate":1624497803953,"gmtModify":1703838388781,"author":{"id":"3573519539005968","authorId":"3573519539005968","name":"chongyeetan","avatar":"https://static.tigerbbs.com/58f6eb6730af7768ad82093944f2351a","vip":1,"hat":"https://static.tigerbbs.com/6444b4970948c1077534c593eccd6d16","crmLevel":6,"crmLevelSwitch":1,"idStr":"3573519539005968","authorIdStr":"3573519539005968"},"htmlText":"pls like n comment. ?","listText":"pls like n comment. ?","text":"pls like n comment. ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/128911361","repostId":1186470605,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4990509,"gmtCreate":1624512903661,"gmtModify":1663229891930,"authorId":3585362647544869,"author":{"id":3585362647544869,"idStr":"3585362647544869","authorId":3585362647544869,"name":"Tjs","avatar":"https://static.tigerbbs.com/f297155d3eb2fdd05631b3427342e682","vip":1,"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":128911361,"type":1,"supId":0,"prevId":0,"content":"comment","text":"comment","html":"comment"},{"id":4986618,"gmtCreate":1624498874244,"gmtModify":1663229869335,"authorId":3584092741735483,"author":{"id":3584092741735483,"idStr":"3584092741735483","authorId":3584092741735483,"name":"Watercloset","avatar":"https://static.tigerbbs.com/1d1d0d3c3e687a60e8491fa5601ea354","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":128911361,"type":1,"supId":0,"prevId":0,"content":"[Smile]","text":"[Smile]","html":"[Smile]"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":121,"commentSize":25,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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