KVSP default
Mint Images/Getty Images (WASHINGTON) — The U.S. government risks defaulting on its debts — for the first time in history — “as early as June 1,” Treasury Secretary Janet Yellen wrote in a letter to House Speaker Kevin McCarthy and other top lawmakers on Monday. “It is imperative that Congress act as soon as possible […]
Bloomberg Creative/Getty Images (WASHINGTON) — Federal Reserve Chair Jerome Powell on Tuesday warned of potentially devastating consequences of a U.S. debt default and called on Congress to raise the debt ceiling. Speaking to the Senate banking committee, Powell said a potential U.S. debt default could be “extraordinarily adverse and do longstanding harm.” “At the end […]
ABC News (WASHINGTON) — Rep. Don Bacon, R-Neb., warned Sunday that there is a concerning risk of a default on the federal government’s debts if Democrats and Republicans are unable to compromise on raising the nation’s rapidly approaching borrowing limit. “I think it is a real threat that both sides have to take serious,” Bacon […]
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