Today news
About the same in other media
Janet Yellen Says Treasury Can’t Prevent Default if U.S. Breaches Debt Limit
Reading now: 737
DAKAR, Senegal—Treasury Secretary Janet Yellen said Friday that the U.S. wouldn’t be able to prevent a default if the federal government breached its debt ceiling and cautioned that Treasury’s systems weren’t designed to give priority to payments to bondholders after the borrowing limit is exceeded.
Ms. Yellen, speaking at the Senegalese presidential palace, where she was meeting with Senegalese President Macky Sall during a three-country tour through Africa, said that missing a payment on any of the federal government’s obligations would constitute a default.
Read more on wsj.comAbout this in other media
Here’s why Bitcoin price could correct after the US government resolves the debt limit impasse cointelegraph.com /1 year ago
Treasury Secretary Janet Yellen Takes Measures to Ease Debt-Ceiling Woes wsj.com /1 year ago
Janet Yellen Dismisses Minting $1 Trillion Coin to Avoid Default wsj.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
