Treasury Secretary Janet Yellen is warning CEOs about the potentially 'catastrophic' fallout from a US debt default
Treasury Secretary Janet Yellen is personally calling up CEOs and other business executives to warn them of the"catastrophic" impact to come should the US government default on its debt obligations, accordingYellen is reaching out to leaders in the financial sector to alert them of the"dangerous consequences of the current brinkmanship," according to a Monday report by Reuters, who cited two unnamed sources familiar with the matter.
And although the sources didn't reveal to Reuters her purpose for the calls, officials from US President Joe Biden's administration have reportedly been in talks with business executives about pushing Republicans to raise the US debt ceiling without conditions. She delayed her trip to Japan for this week's G7 meeting in order to give an interview with ABC News on Sunday, Reuters reported, where she warned that Congress failing to raise the $31 trillion debt ceiling could cause"an economic and financial catastrophe."
"There is no way to protect our financial system and our economy other than Congress doing its job and raising the debt ceiling and enabling us to pay our bills. And we should not get to the point where we need to consider whether the president can go on issuing debt. This would be a constitutional crisis," YellenThe Republican-controlled House of Representatives on April 26 passed a bill from House Speaker Kevin McCarthy.
Biden has invited congressional leaders McCarthy, House Minority Leader Hakeem Jeffries, Senate Majority Leader Charles Schumer and Senate Minority Leader Mitch McConnell to a meeting on Tuesday to work on an agreement, Reuters said.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Yellen is calling CEOs personally to warn on US debt ceilingReuters is reporting that the US Treasury Secretary Janet Yellen is reaching out to business and financial leaders to explain the 'catastrophic' impac
Lire la suite »
Yellen is calling CEOs personally to warn on US debt ceiling, sources sayTreasury Secretary Janet Yellen is reaching out to U.S. business and financial leaders to explain the 'catastrophic' impact a U.S. default on its debt would have on the U.S. and global economies, two sources familiar with the matter said on Monday.
Lire la suite »
Treasury Secretary Yellen calls CEOs and business leaders with warning on debt limit | CNN BusinessUS Treasury Secretary Janet Yellen has been calling CEOs and business leaders to discuss the consequences of brinkmanship around the debt ceiling, according to a source familiar with the matter.
Lire la suite »
'No Good Options' If Congress Fails To Act On Debt, Yellen SaysTreasury Secretary Janet Yellen said the U.S. risks an economic “calamity” if Congress fails to raise the nation’s debt limit.
Lire la suite »
US Treasury Secretary Yellen: Failure by Congress to act on debt ceiling could trigger 'constitutional crisis'US Treasury Secretary Yellen: Failure by Congress to act on debt ceiling could trigger “constitutional crisis” – by anilpanchal7 UnitedStates FiscalPolicy NewsTrading RiskAppetite
Lire la suite »
Bob Dubey edges Janet DePuy in Richardson mayor’s raceThe winner replaces outgoing mayor Paul Voelker, who was appointed to serve as mayor in 2015.
Lire la suite »