1 / 1 Relevant items tagged with #DebtDefault
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US Treasury Secretary Janet Yellen Urges Congress to Act Quickly on Debt Limit, States Defaulting Would Be ‘Unthinkable’
[May 12, 2023 12:30 AM] U.S. Treasury Secretary Janet Yellen has warned again about the consequences of the U.S. defaulting on its debt. During a press conference in Niigata, Japan, Yellen stated that this would be a self-inflicted crisis, and urged Congress to act…
Goldman Sachs, Yellen Warn of US Default’s ‘Catastrophic Consequences’ — ‘There Is Real Risk to US Dollar’
Lawmaker Warns US Default Risks Dollar’s Reserve Currency Status, Exploitation by China and Russia
[May 9, 2023 8:30 PM] The top Democrat on the House Intelligence Committee has warned that China and Russia would seek to exploit the chaos resulting from a U.S. default. He further cautioned that the U.S. dollar’s reserve currency status could be eroded if the U.S…
Biden Aides Explore Minting $1 Trillion Platinum Coin as Solution to Impending Debt Default
[May 4, 2023 1:30 PM] As the United States stares down the barrel of a potential debt default come June, a curious and intriguing solution has emerged: crafting a single $1 trillion platinum coin. This unusual tactic exploits a legal loophole that allows the Treasury…