Tag Archives: Janet Yellen

US Treasury Secretary Janet Yellen has warned once more that the United States is on track for default in June if the opposing Republican lawmakers do not approve the proposed budget bill hinged on debt increase and decrease in public spending. It is likely that the US could default on …

United States Treasury has warned that the US government will be unlikely to meet payment obligations by early June if the debt ceiling is not raised. The date is earlier than the Treasury estimated in January, indicating that the United States financial situation is more precarious than previously thought. In …

Janet Yellen warned that a default would result in job losses while driving household payments on higher interest rates. US Treasury Secretary Janet Yellen on Tuesday warned that failure by Congress to raise the government’s debt ceiling – and the resulting default – would trigger an “economic catastrophe” that would …

The US government could run out of money as early as next month to service its debt, Treasury Secretary Janet Yellen said on Wednesday, reiterating her warning that emergency measures put in place to raise cash could be exhausted soon. “Given this uncertainty, the Treasury Department is not able to …