US Treasury Sec. Yellen warns of a global downturn on a US default Recession UnitedStates FiscalPolicy DollarIndex
US Congress should raise debt ceiling, warns US default would produce 'economic and financial catastrophe'.
Despite downside risks, global economy remains in better place than predicted six months ago, inflation down in most G7 countries. Will work with G7 counterparts to increase economic resilience, boost economic security and build reliable critical supply chains. US Will work with G7 to effectively counter 'economic coercion', mitigate geostrategic risks in our economies.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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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.
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Lawsuit filed against Treasury Secretary Janet Yellen challenging debt limit law as congressional standoff threatens defaultAttorneys representing a federal government employees' union sued Treasury Secretary Janet Yellen over the constitutionality of the debt limit, which caps the amount the federal government can borrow to pay for congressionally approved spending.
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Failure to raise debt ceiling would be an 'economic catastrophe,' Treasury's Yellen saysTreasury predicts it will exhaust emergency measures on the debt as early as June 1, leaving about three weeks for Congress to raise the debt limit.
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Biden to square off with McCarthy at White House as debt limit crisis loomsTuesday's meeting comes just over a week after Treasury Secretary Janet Yellen warned that the U.S. could run out of money to pay its debts as soon as June 1.
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Americans lack confidence in Biden, Powell, Yellen on the economy, Gallup poll showsAmericans lack confidence in President Biden, Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen on matters related to the economy.
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Republicans don’t believe the debt ceiling ‘x-date,’ eitherOur global economy may suffer severe consequences in part because lawmakers were given a deadline they chose — on a hunch — not to believe. (via MaddowBlog)
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