On the recordMarch 21, 2023
The failure to raise the debt ceiling would cause an economic and financial catastrophe.
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congress.govThe failure to raise the debt ceiling would cause an economic and financial catastrophe.
Yellen warns of severe consequences if the debt ceiling is not raised.
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That those who were responsible for the failure of a bank should not be profiting when stockholders and investors in the bank are taking--forced to take losses.
It is this level of leadership that Secretary Yellen has also demonstrated on the world stage.
I indicated in my last letter to Congress that we expect to be unable to pay all of our bills in early June, and possibly as soon as June 1st.