The U.S. government will have to default on some payments if Congress fails to raise the national debt ceiling before June, Treasury Secretary Janet Yellen said. “If Congress fails to do that, it really impairs our credit rating. We have to default on some obligation, whether it’s Treasuries or payments to Social Security recipients,” Yellen…
US ‘Has to Default’ on Something If Debt Ceiling Isn’t Raised Before Deadline: Yellen
May 14, 2023
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Business & Marketsdebt ceilingeconomic policieseconomyExecutive BranchinflationJanet YellenJoe BidenPolicies & ImpactsPoliticsUSUS News
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Yellen Calls for a Different System to End ‘Tremendously Damaging’ Debt-Ceiling Standoffs
Treasury Secretary Janet Yellen on Thursday called for a different system of managing the country’s finances in order to prevent future debt-ceiling standoffs that she said were “tremendously damaging,” while reiterating her view that, in the near term, the only way to avoid the looming debt default is for Congress to lift the borrowing cap….
Yellen Says Congress Risks Creating a Self-Made Crisis With ‘Unthinkable’ Debt Default
May 11, 2023
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Business & Marketscongressdebt ceilingdefaultDemocratseconomic policieseconomyExecutive BranchJanet YellenMarketsPolicies & ImpactsPoliticsrecessionRepublicansUS
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Treasury Secretary Janet Yellen accused the Republican-controlled House of creating a self-made crisis over its stance on the debt ceiling. Yellen, who was attending a Group of Seven (G7) conference in Niigata, Japan, called on Congress to raise the $31.4 trillion federal debt limit to avert a U.S. government default that would trigger a global…
Yellen Warns ‘Constitutional Crisis’ Could Come Next Month
Treasury Secretary Janet Yellen said she will not rule out the possibility of declaring the debt ceiling unconstitutional if Congress cannot resolve its standoff over the debt ceiling, but said there are “no good options” on the table. “There is no way to protect our financial system in our economy other than Congress doing its…
ANALYSIS: Nasdaq Golden Dragon Index Plunges as China Concept Stocks Retreat to Hong Kong
May 4, 2023
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Business & MarketsChinaChina Business & EconomyChina Concept Stocksgary genslerHK BusinessHong KongJanet YellenMarketsNasdaq Gold Dragon China IndexThe Holding Foreign Companies Accountable ActTsai Ing-wenUS-China relations
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News Analysis The Nasdaq Golden Dragon China Index fell for eight straight sessions—the longest losing streak in over a year—amid heightened tension between the United States and China. Meanwhile, threatened by the U.S. Holding Foreign Companies Accountable Act, Chinese companies have shifted large chunks of equity to Hong Kong. The Nasdaq Golden Dragon China Index,…
LIVE NOW: NTD Good Morning (May 2): Yellen Warns Default Could Be a Month Away if Debt Ceiling Not Raised; Texas Manhunt Continues
Could there be movement on raising the debt ceiling? In the wake of a default warning by Treasury Secretary Janet Yellen, President Biden summons the top four congressional leaders to the White House. We have the latest on the manhunt going on in Texas. Hear what concerned neighbors have to say about the suspect. At least…
NTD Good Morning (May 2): Yellen Warns Default Could Be a Month Away if Debt Ceiling Not Raised; Texas Manhunt Continues
Could there be movement on raising the debt ceiling? In the wake of a default warning by Treasury Secretary Janet Yellen, President Biden summons the top four congressional leaders to the White House. We have the latest on the manhunt going on in Texas. Hear what concerned neighbors have to say about the suspect. At least…
Yellen Warns of ‘Economic and Financial Catastrophe,’ but Insists It’s ‘Preventable’
April 25, 2023
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Treasury Secretary Janet Yellen on Tuesday warned of an “economic and financial catastrophe” that would decimate jobs and make loans more expensive for years to come if Congress fails to raise the debt ceiling and the government defaults on its obligations. Yellen issued the warning in prepared remarks for the 51st annual Sacramento Metro Chamber’s…
LIVE 5 PM ET: NTD Business Full Broadcast (April 20)
Buzzfeed news is shutting down, as its parent company plans to cut 15% of its workforce. SpaceX’s starship spacecraft successfully lifted off from the coast of south Texas today — but didn’t get far. It’s the most powerful rocket ever built so far. Elon Musk is threatening to sue Microsoft. He tweeted that they “trained…
NTD Business (April 20): Elon Musk Threatens to Sue Microsoft; BuzzFeed News Shuts Down Amid Workforce Cuts
BuzzFeed News is shutting down, as its parent company plans to cut 15 percent of its workforce. SpaceX’s Starship spacecraft successfully lifted off from the coast of south Texas Thursday—but didn’t get far. It’s the most powerful rocket ever built. Elon Musk is threatening to sue Microsoft. He posted on Twitter that the company “trained…
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