... the said the United States would hit its statutory debt ceiling around the middle of January, at which point the Treasury would resort to “extraordinary measures” to prevent the government from defaulting on its obligations. While it may not feel like it, we are now in mid-January, and late on Friday, Janet Yellen, in what is almost certainly the last ever official announcement of her long and undistinguished political career, said that the US would hit its debt ceiling the day after President Trump is inaugurated, and that the Treasury will launch “extraordinary measures” to stave off the threat of a national default.
https://www.zerohedge.com/markets/her-last-official-act-yellen-warns-us-will-hit-debt-ceiling-one-day-after-trump
https://www.zerohedge.com/markets/her-last-official-act-yellen-warns-us-will-hit-debt-ceiling-one-day-after-trump
... the said the United States would hit its statutory debt ceiling around the middle of January, at which point the Treasury would resort to “extraordinary measures” to prevent the government from defaulting on its obligations. While it may not feel like it, we are now in mid-January, and late on Friday, Janet Yellen, in what is almost certainly the last ever official announcement of her long and undistinguished political career, said that the US would hit its debt ceiling the day after President Trump is inaugurated, and that the Treasury will launch “extraordinary measures” to stave off the threat of a national default.
https://www.zerohedge.com/markets/her-last-official-act-yellen-warns-us-will-hit-debt-ceiling-one-day-after-trump
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