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Janet Yellen Warns Of 'Economic Calamity' If Debt Ceiling Impasse Is Unresolved; 'No Way….Other Than Congress Doing Its Job'

2023-05-08 2 Dailymotion

Treasury Secretary Janet Yellen is warning of the possibility of the government defaulting, potentially as early as June 1, if the debt ceiling isn't suspended or raised.<br /><br />The Treasury could run out of cash as early as June 1st and has exhausted all “extraordinary measures” to avert the crisis, Yellen said on ABC's “This Week” on Sunday.<br /><br />"We have been using extraordinary measures for several months now. And our ability to do that is running out," she said.

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