Dan Clifton on debt ceiling: ‘A lot of Republicans’ won’t support raising it 00:00 00:0005:10GO LIVE Facebook Twitter Email Embed SpeedNormal Autoplay Treasury Secretary Janet Yellen on Friday warned the U.S. will hit its debt limit on Thursday and that unless Congress takes swift action, the government could be unable to pay its bills as early as June. In a letter addressed to the big four congressional leaders, Yellen said the Treasury Department will begin deploying so-called "extraordinary measures" to prevent the U.S. from defaulting on its obligation. The emergency moves should give Congress until at least early June to raise or suspend the country’s current $31.4 trillion borrowing limit, she added. "Failure to meet the government’s obligations would cause irreparable harm to the U.S. economy, the livelihoods of all Americans, and global financial stability," Yellen said. "I respectfully urge Congress to act promptly to protect the full faith and credit of the United States." Treasury Secretary Janet Yellen (REUTERS/Jonathan Ernst / Reuters Photos) "Extraordinary measures" the Treasury could take include a range of items such as halting contributions to certain government pension funds, suspending state and local government series securities and borrowing from money set aside to manage […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
