Browsing Tag

debt ceiling

Biden considers 14th amendment to avoid default: Urgent measures for the debt ceiling dilemma

Dahlia Martyna May 10, 2023

The debt ceiling discussion lasted an hour, according to Speaker of the House Kevin McCarthy (R-CA), but President Joe Biden has refuted a number of his assertions. In the meantime, our staff will meet today and every day until then,…

US debt ceiling may cause global catastrophe if not properly controlled in the coming months

Dahlia Martyna Feb 2, 2023

US Treasury Secretary Janet Yellen warned on Saturday of catastrophic implications if the country's statutory debt ceiling is not raised in the coming months. According to the senior source, the US could default on its debt by the summer,…

US is close to its debt ceiling, Treasury Department warns

Rose Jan 18, 2023

The Treasury Department tells Congress that the United States debt ceiling will be reached within days. This creates the potential for a confrontation when Congress decides how to raise the debt ceiling. Treasury Secretary Janet Yellen…

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