U.S. Treasury Secretary Yellen warns Congress on debt prohibit

by Jul 23, 2021Food0 comments

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Reuters

By Doina Chiacu WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen prompt lawmakers on Friday to extend or droop the country’s debt prohibit once imaginable and warned that if Congress does no longer act via Aug. 2 the Treasury Department would want to take “extraordinary measures” to stop a U.S. default. In a letter to House of Representatives Speaker Nancy Pelosi, Yellen stated that Oct. 1, the primary day of the following fiscal 12 months, generally is a essential date for the U.S. skill to pay its tasks with out debt prohibit regulation because of massive federal outlays scheduled for then. In the lett…

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