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2021-10-11

Politicians movie on its way. Sneak Preview. When smart ppl hv no other option liow, but to print&print. then they wld put up a show to try to tell us they are serious with the debt situation. Big BS.

Debt-ceiling fight delayed, but Yellen warns potential for 'catastrophe' remains

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When smart ppl hv no other option liow, but to print&amp;print.&nbsp;then they wld put up a show to try to tell us&nbsp;they are serious with the debt situation. Big BS.</p></body></html>","text":"Politicians movie on its way. Sneak Preview. When smart ppl hv no other option liow, but to print&print. then they wld put up a show to try to tell us they are serious with the debt situation. Big BS.","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/828646529","repostId":2174974374,"repostType":4,"repost":{"id":"2174974374","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1633910340,"share":"https://www.laohu8.com/m/news/2174974374?lang=&edition=full","pubTime":"2021-10-11 07:59","market":"us","language":"en","title":"Debt-ceiling fight delayed, but Yellen warns potential for 'catastrophe' remains","url":"https://stock-news.laohu8.com/highlight/detail?id=2174974374","media":"Dow Jones","summary":"Treasury secretary says she supports eliminating the debt ceiling altogether\nU.S. Treasury Secretary","content":"<p>Treasury secretary says she supports eliminating the debt ceiling altogether</p>\n<p>U.S. Treasury Secretary Janet Yellen warned Sunday of \"catastrophe\" if Senate Republicans' unwillingness to raise the debt ceiling causes the U.S. to default in December.</p>\n<p>Following a long standoff, the Senate late Thursday approved a bill to extend the debt ceiling through Dec. 3. 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But Senate Minority Leader Mitch McConnell, R-Ky., and other Republicans have been adamant that they won't vote to raise the debt limit, raising the specter of another round of brinkmanship in December.</p>\n<p>\"There's an enormous amount at stake,\" Yellen said Sunday on ABC News' \"This Week.\"</p>\n<p>\"It's absolutely imperative that we raise the debt ceiling,\" Yellen added. \"That's necessary not to fund any new spending programs, but to pay the bills that result from Congress' past decisions.\"</p>\n<p>Among other things, a default would stop Social Security payments, military paychecks and families' child tax credits, she said.</p>\n<p>Yellen said Sunday she supports eliminating the debt ceiling -- which has become more of a political tool in recent years -- entirely.</p>\n<p>\"We should be debating the government's fiscal policy when we decide on those expenditures and taxes, not when the credit card bill comes due,\" she said, noting that that decision ultimately lies with Congress.</p>\n<p>Yellen also said she is confident that Congress will approve a minimum corporate tax rate to align with last week's historic global agreement, and dismissed speculation of minting a trillion-dollar coin to resolve the debt-ceiling issue, calling the idea a \"gimmick.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2174974374","content_text":"Treasury secretary says she supports eliminating the debt ceiling altogether\nU.S. Treasury Secretary Janet Yellen warned Sunday of \"catastrophe\" if Senate Republicans' unwillingness to raise the debt ceiling causes the U.S. to default in December.\nFollowing a long standoff, the Senate late Thursday approved a bill to extend the debt ceiling through Dec. 3. But Senate Minority Leader Mitch McConnell, R-Ky., and other Republicans have been adamant that they won't vote to raise the debt limit, raising the specter of another round of brinkmanship in December.\n\"There's an enormous amount at stake,\" Yellen said Sunday on ABC News' \"This Week.\"\n\"It's absolutely imperative that we raise the debt ceiling,\" Yellen added. \"That's necessary not to fund any new spending programs, but to pay the bills that result from Congress' past decisions.\"\nAmong other things, a default would stop Social Security payments, military paychecks and families' child tax credits, she said.\nYellen said Sunday she supports eliminating the debt ceiling -- which has become more of a political tool in recent years -- entirely.\n\"We should be debating the government's fiscal policy when we decide on those expenditures and taxes, not when the credit card bill comes due,\" she said, noting that that decision ultimately lies with Congress.\nYellen also said she is confident that Congress will approve a minimum corporate tax rate to align with last week's historic global agreement, and dismissed speculation of minting a trillion-dollar coin to resolve the debt-ceiling issue, calling the idea a \"gimmick.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":293,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":162,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/828646529"}