Yellen Warns US on Track to Default in October

The Fiscal Times2021-09-10

Treasury Secretary Janet Yellen issued another warning to lawmakers Wednesday: Raise or suspend the debt ceiling as soon as possible. In a letter addressed to House Speaker Nancy Pelosi (D-CA), Yellen...

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精彩评论

PS153
2021-09-11
PS153
looks serious. please like n comments. thank you
- NCM:
  Ok
SPOT_ON
2021-09-11
SPOT_ON
That is bad
- Caribou:
  [捂脸]
- Bull_Lion:
  Sounds extremelt bad but US wont let it happen. It’s their way of getting bipartisan support to increase debt ceiling
- 79e89ab4:
  Hi
JorgenS
2021-09-11
JorgenS
Let's wait
PYBG
2021-09-11
PYBG
Wow, scary
- mwsi7128:
  this would be the 1st time US treasury defaul........... scary thing should it happen............
- PS153:
  it's serious
BlueDaisy
2021-09-10
BlueDaisy
Not surprised...
Yunnn
2021-09-10
Yunnn
Cannot imagine
- EstherPang:
  [微笑]

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Those measures include “a suspension of certain investments in the Civil Service Retirement and Disability Fund, the Postal Service Retiree Health Benefits Fund, and the Government Securities Investment Fund of the Federal Employees' Retirement System Thrift Savings Plan,” Yellen said.\nWhile there is some uncertainty about the exact date, in part due to substantial tax payments expected on September 15, Yellen urged Congress not to wait.\n“We have learned from past debt limit impasses that waiting until the last minute to suspend or increase the debt limit can cause serious harm to business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States,” Yellen wrote. “A delay that calls into question the federal government's ability to meet all its obligations would likely cause irreparable damage to the U.S. economy and global financial markets. At a time when American families, communities, and businesses are still suffering from the effects of the ongoing global pandemic, it would be particularly irresponsible to put the full faith and credit of the United States at risk.”\nPelosi blames Trump: The Speaker told reporters Wednesday that Democrats plan to act on the debt ceiling in the coming weeks, though she offered no details on how they plan to do so. 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Majority Leader Chuck Schumer (D-NY) also criticized Republicans Wednesday for their stance on the debt ceiling. “It would be just the height of irresponsibility for Republicans to play games to take the debt limit hostage,” Schumer said. “It would be a horrible act — a despicable act really.”","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":881209322,"gmtCreate":1631337352266,"gmtModify":1631889719811,"author":{"id":"3564565270877568","authorId":"3564565270877568","name":"PS153","avatar":"https://static.tigerbbs.com/2e185e8aa9ee6ee618f951b9141b9e40","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3564565270877568","authorIdStr":"3564565270877568"},"htmlText":"looks serious.&nbsp;please like n comments. thank you","listText":"looks serious.&nbsp;please like n comments. thank you","text":"looks serious. please like n comments. thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/881209322","repostId":1150874422,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5830146,"gmtCreate":1631343706713,"gmtModify":1631889719807,"authorId":3567832114052050,"author":{"id":3567832114052050,"idStr":"3567832114052050","authorId":3567832114052050,"name":"NCM","avatar":"https://static.tigerbbs.com/bd72c39fd9a998a91f641828e572613e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":881209322,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":881374564,"gmtCreate":1631312572858,"gmtModify":1632883293898,"author":{"id":"3582922989777578","authorId":"3582922989777578","name":"SPOT_ON","avatar":"https://static.tigerbbs.com/080f029371339d9db26930961de6adb1","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3582922989777578","authorIdStr":"3582922989777578"},"htmlText":"That is bad","listText":"That is bad","text":"That is bad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/881374564","repostId":1150874422,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5823920,"gmtCreate":1631312660526,"gmtModify":1634803050983,"authorId":4090994731106030,"author":{"id":4090994731106030,"idStr":"4090994731106030","authorId":4090994731106030,"name":"Caribou","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":881374564,"type":1,"supId":0,"prevId":0,"content":"[捂脸]","text":"[捂脸]","html":"[捂脸]"},{"id":5824342,"gmtCreate":1631315831579,"gmtModify":1634803013322,"authorId":3573540190522229,"author":{"id":3573540190522229,"idStr":"3573540190522229","authorId":3573540190522229,"name":"Bull_Lion","avatar":"https://static.tigerbbs.com/97c7d011186160cd333508e7d9191f74","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":881374564,"type":1,"supId":0,"prevId":0,"content":"Sounds extremelt bad but US wont let it happen. It’s their way of getting bipartisan support to increase debt ceiling","text":"Sounds extremelt bad but US wont let it happen. It’s their way of getting bipartisan support to increase debt ceiling","html":"Sounds extremelt bad but US wont let it happen. It’s their way of getting bipartisan support to increase debt ceiling"},{"id":5827178,"gmtCreate":1631326135369,"gmtModify":1634802760267,"authorId":3582186770863797,"author":{"id":3582186770863797,"idStr":"3582186770863797","authorId":3582186770863797,"name":"79e89ab4","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":881374564,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"}],"langContent":"EN"},{"id":881347927,"gmtCreate":1631310290769,"gmtModify":1631891120290,"author":{"id":"3556245356712656","authorId":"3556245356712656","name":"JorgenS","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3556245356712656","authorIdStr":"3556245356712656"},"htmlText":"Let's wait","listText":"Let's wait","text":"Let's wait","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/881347927","repostId":1150874422,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":881366762,"gmtCreate":1631295405256,"gmtModify":1632883320381,"author":{"id":"4091333355237140","authorId":"4091333355237140","name":"PYBG","avatar":"https://static.tigerbbs.com/ffceefb16436db08633bced1bf654393","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4091333355237140","authorIdStr":"4091333355237140"},"htmlText":"Wow, scary","listText":"Wow, scary","text":"Wow, scary","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/881366762","repostId":1150874422,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5823392,"gmtCreate":1631298660545,"gmtModify":1634803085394,"authorId":3577516504779986,"author":{"id":3577516504779986,"idStr":"3577516504779986","authorId":3577516504779986,"name":"mwsi7128","avatar":"https://static.tigerbbs.com/2de12058e4995503d289303fb0b984fc","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":881366762,"type":1,"supId":0,"prevId":0,"content":"<p>this would be the 1st time US treasury defaul........... scary thing should it happen............</p>","text":"<p>this would be the 1st time US treasury defaul........... scary thing should it happen............</p>","html":"<p>this would be the 1st time US treasury defaul........... scary thing should it happen............</p>"},{"id":5829323,"gmtCreate":1631337380989,"gmtModify":1634802582617,"authorId":3564565270877568,"author":{"id":3564565270877568,"idStr":"3564565270877568","authorId":3564565270877568,"name":"PS153","avatar":"https://static.tigerbbs.com/2e185e8aa9ee6ee618f951b9141b9e40","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":881366762,"type":1,"supId":0,"prevId":0,"content":"it's serious","text":"it's serious","html":"it's serious"}],"langContent":"EN"},{"id":881307939,"gmtCreate":1631288902721,"gmtModify":1631890098696,"author":{"id":"3582677971530678","authorId":"3582677971530678","name":"BlueDaisy","avatar":"https://static.tigerbbs.com/0747094283743978b62fb8b1ee2cf44c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582677971530678","authorIdStr":"3582677971530678"},"htmlText":"Not surprised...&nbsp;","listText":"Not surprised...&nbsp;","text":"Not surprised...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/881307939","repostId":1150874422,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":881951496,"gmtCreate":1631286882215,"gmtModify":1632883369638,"author":{"id":"3580111995316077","authorId":"3580111995316077","name":"Yunnn","avatar":"https://static.tigerbbs.com/0a2607ef766002b15025acc3ca4462d8","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3580111995316077","authorIdStr":"3580111995316077"},"htmlText":"Cannot imagine","listText":"Cannot imagine","text":"Cannot 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