August 18, 2023

Columbus Post

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US Treasury Secretary Warns of US Default

The US Treasury Secretary is clearly warning

America will soon be bankrupt

US Treasury Secretary Janet Yellen has warned against bankruptcy. The threat is already in the summer.

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US Treasury Secretary Janet Yellen has warned of a US default.

U.S. Treasury Secretary Janet Yellen (76) has warned Congress that the government may not be able to repay if the debt ceiling is temporarily raised or suspended.

“It is critical that Congress act in good time to raise or suspend the debt ceiling,” Yellen wrote in a letter to party leaders of both houses of Congress. White House spokeswoman Karine Jean-Pierre (48) warned Congress that raising the debt ceiling was not negotiable.