Posted on 01/18/2025 7:22:09 AM PST by ABStrauss
Outgoing Treasury Secretary Janet Yellen is announcing that she's planning to take "extraordinary measures" to save the U.S. economy beginning on January 21 — the day after President-elect Donald Trump will officially begin his second term in office. Politico reported Friday that Yellen made the announcement in a letter to congressional leaders including House Speaker Mike Johnson (R-La.), Senate Majority Leader John Thune (R-S.D.), House Minority Leader Hakeem Jeffries (D-N.Y.) and Senate Minority Leader Chuck Schumer (D-N.Y.). The letter comes as the United States prepares to reach the statutory limit on borrowing, which Yellen wrote last month would happen between January 14 and January 23. She warned in that letter that the Department of the Treasury would need to take "extraordinary measures" in order to avoid a debt default, should Congress fail to raise the debt ceiling before then.
(Excerpt) Read more at msn.com ...
Need to find out what Johnson is doing.
Was there even one single Biden-selected gubmit official that had any measurable competence?
“extraordinary measures”??
Gonna go to a salon for a proper hair cut?
So, she’s going to try to pull the rug out from under everything?
Be gone, w!tch!
If there was never a better reason to sack the old hag...
Incompetent Yellen’s entire tenure was scheming on how to kick the economic time bomb down the road. They got it just past the election with the help of RINOs.
By the way, Yellen is now a private citizen. She has no role other than to try and hang her devastation on Trump.
I’ve hear her speak and she sounds like she came from the same neighborhood as Woody Allen!
I don’t like that woman. But the term is “legal speak” for the steps every Treasury Secretary has to take when the debt limit is approaching.
The media will make it sound like the sky is falling. It is…but not because Yellen is sounding the alarm. It’s falling because our government acts like a crack addict with a credit card.
She’s full of crap.
My rumormill is saying a stock crash on Tuesday.
There are a lot of signals that have been flashing red for several years.
AS the new administration comes in and gets to work...that which has been hidden is going to be revealed.
President Trump has already said he is expecting to have to deal not with a recession, but a depression.
Lending rates were cut for banks, but the banks failed to pass those cuts on to consumers. It is a way of giving the consumer a financial haircut vs. just taking a percentage from their savings/checking accounts like Cyprus did years ago.
Raising the debt ceiling means more money printing and inflationary spending ...this time by the government almost exclusively.
We’re just about at the beginning of the end. The cracks are showing everywhere from the failure of FEMA to the fires in California and what is likely to break the back of insurance companies and banks. These are not singular events, but consequences of financial illiterates failing to manage the debt based system of the United States.
Will DOGE be enough to stop a full on failure? We can only hope.
Congress is delaying its consent for Trump’s appointees. Confirm Bessent on the 20th, and stop this nonsense from obstructors.
Peaceful transfer of power, my arse. Anyone involved in these last few weeks of sabotage against the Trump administration to be tried for treason.
So. She’s basically said she’s gonna toss a hand grenade into the cash box.
“Raise the ceiling or get rid of it.”
No kidding. What good is the fake man-made construct of a “debt ceiling” if it always gets raised. It causes nothing but Kabuki theater in Washington for a few days or weeks, the ceiling gets raised, and then it repeats.
If nobody in Washington honors it, what’s the point? To generate fake news?
The ONLY solution to our country not having enough money for our expenditures is to GIVE MORE BILLIONS FOR UKRAINE and to SUBSIDIZE STATE AND LOCAL TAXES (SALT) of blue states. We MUST do that immediately!
/of course it’s sarcasm
She stated that we hit the debt ceiling Tuesday morning at 9 am.
This, after supporting Biden’s spending spree.
Please Trump, institute emergency measures to cut spending. This includes all payments to sanctuary cities and states for illegal aliens.
Crypto
Well yeah there’s........or there’s.........but also there’s..............
Get her gone!
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