Yellen said she is “nervous” about the U.S. defaulting on its debt and cautioned that Americans likely will face a scary and spiraling recession if Congress doesn’t raise the debt ceiling this summer.
Secretary Yellen during a meeting with the President of Zambia Hakainde Hichilema in Washington, DC. Photo: Kevin Dietsch/Getty Images
It's also the unvarnished prediction of a former Fed chair who had a ringside seat to the 2011 debt ceiling showdown, when credit agencies downgraded U.S. debt for the first time in American history."Of course, it makes me nervous," Yellen told Axios from Johannesburg, South Africa, at the end of a 10-day trip across the continent. “It would be devastating. It's a catastrophe.”
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Axios Finish Line: Choose joyJoy isn't simply a byproduct of good times. It can be an active choice in crappy ones
Leer más »
Yellen lauds Ford's 100-year history in South Africa, flags more investmentsU.S. Treasury Secretary Janet Yellen on Thursday lauded the Ford Motor Co's 100-year history of assembling vehicles in South Africa and underscored Washington's resolve to expand trade ties with countries that it 'can count on,' including South Africa.
Leer más »
Treasury Secretary Yellen taunts Russia over U.S.-led sanctions: 'They are scavenging'Treasury Secretary Janet Yellen claimed that the Russian military is now scavenging to find crucial replacement parts for battlefield equipment.
Leer más »
Released Video Shows Paul Pelosi Being Attacked with a HammerThe video of David DePape attacking Paul Pelosi with a hammer, along with Pelosi's 911 call, were released today. See potential bias and similarities in coverage from axios, NBCNews, DailyCaller:
Leer más »
NSO CEO's argument to Washington: 'Our product saves lives around the world.'Since 2021, Isareli spyware company NSO has been placed on a U.S. trade blacklist and inspired a UN call for a global moratorium on spyware sales. Yet its CEO claims that its product 'saves lives around the world.'
Leer más »