Yellen warns of catastrophic default: ‘Time is running out

The Hill ^ | 05/16/2023 | JULIA MUELLER

[ChicagoConservative27]

Treasury Department Secretary Janet Yellen warned Tuesday that “time is running out” for Congress to lift the debt ceiling and avert a default on the nation’s debt, which the secretary says would be catastrophic for the economy.

“Time is running out. Every single day that Congress does not act, we are experiencing increased economic costs that could slow down the U.S. economy,” Yellen said in remarks to the Independent Community Bankers of America.

Yellen’s department has warned that its ability to stave off a default through the use of extraordinary measures could run out by June 1 unless Congress takes action, and the White House has been locked in debate with lawmakers on how to address the looming deadline.

[ChicagoConservative27]

Liar liar ugly on fire

[Diogenesis]

reportedly she is not even in the USA,
confirming she is agent of foreign power(s).

[JonPreston]

In time this fake, economic House of Cards will collapses on the heads of all these liars.

[JonPreston]

duals, the entire bunch.

[BenLurkin]

I have yet another dumb question: If the US can’t service its debt, wouldn’t ceasing to issue more debt be the responsible thing to do?

[no-to-illegals]

An extremely sane question which the media will never ask

[Carriage Hill]

Just BS; not happening.

[9422WMR]

Yea shut up grandma your opinions are worthless. Like your democRAT party!

[cgbg]

They have cried “wolf” too often over the years.

There is no wolf.

[Leep]

“There is no wolf.”

Not counting them.. the is no wolf.

[Leep]

“There is no wolf.”

Not counting them.. there is no wolf.

[no-to-illegals]

Maybe she will treat us to and threaten Americans by yellen next

[jonascord]

I fail to see what's wrong with a spendthrift going broke. They KNOW if they cut SS, and military pay, they won't last a month. So some scientist doing a federal study on the breeding habits of white bellied mice might get his Beemer repoed?

Or worse, an illegal invader won't get a midnight flight to NYC and an Iphone? They sure as hell aren't going to close any three letter agencies. Bet they lock up all the federal parks just as the summer begins. They did it before.

[Vaduz]

Only one person owns the catastrophic default if it happen JOE BIDEN he won’t give up wasting money and moving it to the um right places.

[spincaster]

Slow down the US economy, you mean more than it already is ?Hahahahahahahaha . Another for the Hangmen’s list.

[dljordan]

“Bet they lock up all the federal parks just as the summer begins. They did it before.”

But they still get paid.

[SaveFerris]

True

[VanShuyten]

I’m starting to believe the Dims will stall to the deadline, and then start cutting welfare and social security, to make the political pain for the GOPers unbearable.

[1Old Pro]

Every single day that Congress does not act, we are experiencing increased economic costs that could slow down the U.S. economy,” Yellen said

How about the President acting? Simply agree with the McCarthy bill.

[eyeamok]

Was she born stupid or is she just morally bankrupt and ethically corrupt??

CONGRESS already passed a debt ceiling increase, the Pedophile President is holding it up.