When Treasury--I mean, in this specific case, when the sanctions went into effect, there was a 45-day wind down period to allow U.S. businesses to conclude dealings and prevent undue or immediate harm to them.
Yellen explains the process to mitigate harm to U.S. businesses from sanctions.
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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.
You know, what I am focused on right now is trying to stabilize the banking system.
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