dChan
Anonymous ID: 9e966e Jan. 18, 2025, 6:24 a.m. No.22373494   🗄️.is 🔗kun   >>3541 >>3631 >>3643 >>3718 >>3864

In Her Last Official Act, Yellen Warns US Will Hit Debt Ceiling One Day After Trump Inauguration

 

Back in the last week of December, when the stock market was desperately trying to reverse the slump of the Santa rally which prevented stocks from closing 2024 at an all time high, we warned that a bigger threat than a modest 1% market drawdown was looming: the countdown to the next debt ceiling crisis. We quoted Democratic operative - and the only US government official who has personally overseen total debt increase by a staggering $15 trillion under her watch at both the Fed and Treasury - Janet Yellen…

 

… the said the United States would hit its statutory debt ceiling around the middle of January, at which point the Treasury would resort to “extraordinary measures” to prevent the government from defaulting on its obligations.

 

While it may not feel like it, we are now in mid-January, and late on Friday, Janet Yellen, in what is almost certainly the last ever official announcement of her long and undistinguished political career, said that the US would hit its debt ceiling the day after President Trump is inaugurated, and that the Treasury will launch “extraordinary measures” to stave off the threat of a national default.

 

https://www.zerohedge.com/markets/her-last-official-act-yellen-warns-us-will-hit-debt-ceiling-one-day-after-trump

Anonymous ID: 9e966e Jan. 18, 2025, 6:41 a.m. No.22373613   🗄️.is 🔗kun

Squeaky, The Captagon Contractor is on his widdle hamster wheel, ridin' after his Logic Loops Of Self-Mastery, yet agin!