Janet L. Yellen, the Treasury secretary, called on Congress to raise or suspend the debt limit so the United States could continue paying its bills.
By: Allen Rappeport | NY Times
WASHINGTON — Treasury Secretary Janet L. Yellen said on Monday that the United States could be unable to pay its bills by June 1 if Congress does not raise or suspend the debt limit, putting pressure on President Biden and lawmakers to reach an agreement to avoid a default.
The warning over when the United States will hit the so-called X-date provides new urgency for Democrats and Republicans to find a way to lift the borrowing cap and break a standoff that threatens to rock financial markets and upend the economy.
“Given the current projections, it is imperative that Congress act as soon as possible to increase or suspend the debt limit in a way that provides longer-term certainty that the government will continue to make its payments,” Ms. Yellen said.
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Make it’s payments?? They already taking just about everything from Americans and not exactly by waiting for a check in the mail! How about quit spending Tax dollars on bs. That is of no consequence and doesn’t need to be funding Right this minute! All Ur bs research..all ur sneaking around picking fights then hiding like a school girl. Quit blowing money.. how about the white house and congress take an ever needed pay cut… That’s the solution!!!