TV News LIES

Sunday, Sep 19th

Last update05:52:20 AM GMT

You are here News Economy Yellen triggers alarm bells over debt ceiling cliff

Yellen triggers alarm bells over debt ceiling cliff

E-mail Print PDF
Jamet Yellen sounds alarmTreasury Secretary Janet Yellen is setting off alarm bells over a looming brawl about the nation's borrowing limit that could spark a global economic crisis if Congress fails to take action.

Yellen's warning, delivered to congressional leaders on Wednesday, that the country could default on its debt as soon as next month is casting new urgency on the behind-the-scenes discussions about how to raise the debt ceiling.

No clear end game is in sight.

Democrats could need 10 GOP votes to raise the debt ceiling if Republicans filibuster the measure. Democrats have only 50 votes in the Senate, and GOP leaders have indicated they will not help raise the borrowing limit.

Including a debt ceiling hike in the budget reconciliation measure that Democrats are now drafting would be one way around the GOP. The budget rules prevent a GOP filibuster.

More...


Most Recent Related Stories...


Millions in U.S. lose jobless benefits as federal aid expires, thrusting families and economy onto uncertain path

Unemployment benefits expire More than 7 million out-of-work people across the United States are set to lose all of...

Dow drops 800 points, yields tumble as virus fears circle the world

Dpw drp[s 800 pts. From Wall Street to Sydney, stocks are sinking Monday amid worries the pandemic is worsening in...

Afghanistan Live Updates: U.S. Carries Out Another Strike in Kabul

US Drine strike hits car filled with explosives A U.S. military drone strike blew up a vehicle laden with explosives in Kabul on Sunday,...

U.S. consumer prices post largest gain in 13 years; inflation has likely peaked

Inflation worst in 13 yearsU.S. consumer prices increased by the most in 13 years in June amid supply constraints and...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!