(ABM FN-Dow Jones) US Treasury Secretary Janet Yellen is taking additional steps within her department to prevent the United States from getting into trouble after the expiration of the debt-ceiling suspension this weekend. Yellen made the announcement in a letter to the U.S. Congress on Monday.
In the letter, Yellen again urges Congress to take “immediate” action on the borrowing limit.
U.S. President Joe Biden hopes policymakers will vote for the increase, while Senate Minority Leader, Republican Mitch McConnell, has suggested his party colleagues should not.
According to the U.S. Budget Office, the Treasury could be empty by October or November, without raising or restoring the U.S. debt ceiling.
ABM Financial News; [email protected]; Correction: +31 (0) 20 26 28 999.
From Beursplein 5, the authors ABM Financial News Carefully monitor the progress of the stock markets and especially the Amsterdam Stock Exchange. The information in this column is not for professional investment advice or recommendation for making specific investments.
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