Yellen Shifts Debt Default Date back To June 5 Played?

Daily Caller ^ | 05/26/2023 | Arjun Singh

[AnthonySoprano]

Treasury Secretary Janet Yellen has extended the probable date that the U.S. will default on its sovereign debt payments absent legislation from Congress to raise the debt ceiling, according to a letter she wrote on Friday.

The new date is a revision from her earlier estimation of June 1 as the default date.

[AnthonySoprano]

Miracles of miracles. In four days, Yellen has shifted the Drop dead date and advised McCarthy - since Joe Needs his Medical Treatments at the Beach.

She went from dire, catastrophic warnings at the beginning of the week - to let’s enjoy our virgin blood transfusions and let our hair down by Friday morning (today).

[AnthonySoprano]

[asinclair]

From looking at everything thing that Yellen has said over the past few months, the debt ceiling debate is a "nothingburger" as far as actually paying the bills. The chatter class assumes that when the Treasury runs dry, everything stops hard for a long time. The thing is, money is always flowing into the Treasury, so the bucket fills up a bit and a few more bills can be paid. So, payment delayed, not payment lost forever.

Nothing prevents the lady from paying those bills first that contribute to credit score downgrades, like bonds.

Biden knows this.

[Leaning Right]

I personally think that Secretary Yellen should shift the federal default date to June 31.

Of course June does not have 31 days. Once folks realize this, there will be much laughing and knee-slapping. A good time will be had by all.

And that’s something we need these days.

[ridesthemiles]

Employers are depositing PAYROLL WITH HOLDING amounts every single week.

She is hiding that fact.

[ConservativeInPA]

Why is it that the GOP, McCarthy in particular, the lame stream media and just about everyone else isn’t asking Yellen for the government’s books? Yellen comes out every few days and just makes up a new lie. The fat bitch gets away with it because no one has the actual numbers. All of this is a kabuki theater. These GOP politicians have no frickin’ clue as how to negotiate.

[j.havenfarm]

Your remarks about the good Secretary plainly show that you’re Hobbit-phobic

[ConservativeInPA]

Hobbit-phobic

😂 I’ll add that to the long list of my phobias

[Texan4Life]

The GOP-led House left Capitol Hill on Thursday for the chamber’s annual Memorial Day recess without a debt limit agreement with the White House as the clock ticks.

The House calendar, set by Majority Leader Rep. Steve Scalise, shows members won’t return to Washington, D.C., until Monday, June 5th. Which is, coincidentally, when Janet “Inflation is Transitory” Guru Yellen moved the “We’re gonna run out of money!!” goalpost to.

https://justthenews.com/government/congress/gop-led-house-leaves-town-without-debt-limit-agreement-white-house-clock-ticks

[Tilted Irish Kilt]

asinclair :" ..The chatter class assumes that when the Treasury runs dry, everything stops hard for a long time.
The thing is, money is always flowing into the Treasury, so the bucket fills up a bit and a few more bills can be paid.
So, payment delayed, not payment lost forever.

I recall several days ago, it was reported in the media and news that Janet told depositing agencies not to deposit for a while. Huh ?
Complicit with the Biden default ?
I think so ?