Index Investing News
Monday, May 26, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Treasury Secretary Yellen repeats warning of US debt default

by Index Investing News
May 23, 2023
in Cryptocurrency
Reading Time: 1 min read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


U.S. Secretary of the Treasury Janet Yellen published a letter on May 22 warning of a debt default within as little as ten days.

Inability to pay bills

Yellen wrote in a letter to U.S. Congress:

 “… It is highly likely that Treasury will no longer be able to satisfy all of the government’s obligations if Congress has not acted to raise or suspend the debt limit by early June, and potentially as early as June 1.”

Yellen noted that she previously said it was impossible to provide an exact date for the Treasury’s possible failure to pay government bills. She now says that the Treasury has taken additional information into account for its projection.

Though Yellen did not use the word “default,” failure to meet the government debt obligations is generally considered to be a default.

Resolution to debt ceiling negotiations needed

Yellen urged Congress to act to resolve the issue of the debt limit. Currently, President Joe Biden and congressional leaders are attempting to negotiate spending cuts that could raise the debt ceiling and prevent a default — with the Biden administration favoring the elimination of tax loopholes that in part apply to large crypto investors.

Yellen indirectly addressed those negotiations by noting that a last-minute solution could do damage to the economy at the consumer, business, and government levels.

Some crypto investors, however, are optimistic about the prospects of a U.S. default, as a downturn in the mainstream economy could attract interest in crypto.

The post Treasury Secretary Yellen repeats warning of US debt default appeared first on CryptoSlate.



Source link

Tags: debtdefaultrepeatssecretaryTreasurywarningYellen
ShareTweetShareShare
Previous Post

Players of the MLS Matchday 14

Next Post

Goldman Sachs Likes These 2 Stocks, Insiders Just Poured Millions Into Them — Here’s Why You Might Want to Ride Their Coattails

Related Posts

Bitcoin Nears Finish Of Submit-Halving Consolidation Section – Cycle Peak In Sight?

Bitcoin Nears Finish Of Submit-Halving Consolidation Section – Cycle Peak In Sight?

by Index Investing News
May 25, 2025
0

Trusted Editorial content material, reviewed by main business consultants and seasoned editors. Advert Disclosure It’s been simply over a yr...

F1 Racing Crew ‘Crimson Bull Racing’ Launches A New NFT Assortment

F1 Racing Crew ‘Crimson Bull Racing’ Launches A New NFT Assortment

by Index Investing News
May 26, 2025
0

Crimson Bull Racing, a Method One motor sport racing group presently competing because the Oracle Crimson Bull Racing, has launched...

Former IMF chief economist believes crypto is a rising menace to the U.S. Greenback’s dominance

Former IMF chief economist believes crypto is a rising menace to the U.S. Greenback’s dominance

by Index Investing News
May 25, 2025
0

American economist Kenneth Rogoff believes that the rise of crypto poses a menace to the hegemony of the U.S. greenback.Rogoff...

Ripple Executives Be a part of Satoshi Nakamoto

Ripple Executives Be a part of Satoshi Nakamoto

by Index Investing News
May 25, 2025
0

Professional-XRP lawyer John Deaton has tapped two Ripple executives to hitch an unique listing of crypto all-time greats. The XRP...

Market Skilled Tasks ‘Undervalued’ Litecoin To Soar At Least 1,000% —  Right here’s How

Market Skilled Tasks ‘Undervalued’ Litecoin To Soar At Least 1,000% —  Right here’s How

by Index Investing News
May 24, 2025
0

Opeyemi is a proficient author and fanatic within the thrilling and distinctive cryptocurrency realm. Whereas the digital asset business was...

Next Post
Goldman Sachs Likes These 2 Stocks, Insiders Just Poured Millions Into Them — Here’s Why You Might Want to Ride Their Coattails

Goldman Sachs Likes These 2 Stocks, Insiders Just Poured Millions Into Them — Here’s Why You Might Want to Ride Their Coattails

Big Tech promises a utopia, but delivers more takeout than innovation

Big Tech promises a utopia, but delivers more takeout than innovation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

The Cash-Flowing Car Wash and Early Retirement Through Creative Real Estate

The Cash-Flowing Car Wash and Early Retirement Through Creative Real Estate

November 23, 2022
First Teaser Trailer for Korean Historic Epic ‘Hansan: Rising Dragon’

First Teaser Trailer for Korean Historic Epic ‘Hansan: Rising Dragon’

July 3, 2022
Dividend Kings in Focus: Nucor Corporation

Dividend Kings in Focus: Nucor Corporation

December 30, 2022
CPI Report: Inflation Rose Unexpectedly in January

CPI Report: Inflation Rose Unexpectedly in January

February 12, 2025
Russia’s Strategic Shift to Bitcoin for Worldwide Commerce

Russia’s Strategic Shift to Bitcoin for Worldwide Commerce

December 26, 2024
Is McDonald’s Fairly Valued In The Current Environment? (NYSE:MCD)

Is McDonald’s Fairly Valued In The Current Environment? (NYSE:MCD)

October 25, 2022
Adam Mastroianni on the Brain, the Ears, and How We Learn

Adam Mastroianni on the Brain, the Ears, and How We Learn

August 14, 2023
Synovus Financial: Interesting Dividend But It’s Not Enough (NYSE:SNV)

Synovus Financial: Interesting Dividend But It’s Not Enough (NYSE:SNV)

June 24, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In