Treasury Secretary Janet Yellen again urged Congress to deal with the debt limit, telling lawmakers if they do nothing, they face the nation’s first-ever default soon after Dec. 15. That’s a slight improvement from the Dec. 3 date she predicted last month.
Treasury Secretary Janet Yellen Urged Lawmakers To Raise Or Suspend Federal Credit Limit Within December 15 To Avoid Federal Payment Disruptions.
Treasury Secretary Janet Yellen said the federal government might no longer be able to pay all of its bills as soon as Dec. 15, urging Congress to act.
What people are saying?
TOS Today, debt ceiling need to be raised because “The national debt has risen by almost $7.8 trillion during Trump’s time in office” 2.3 trillion alone in Trump tax cuts. “The hypocrisy is McConnell voted to increase or suspend the debt limit 32 times, including 3x under Trump.”
John Adams It would seem, then, that passing a $1 trillion bill would be a misuse of resources then? It is almost as if the government can no longer be trusted to utilize American taxpayer dollars in a meaningful and effective way.