(Just The News) Yellen has warned of dire financial consequences if the debt limit is not increased and the country cannot repay its debts.
Yellen
Yellen Says Debt Ceiling “Drop-Dead Date” Is October 18
(Tyler Durden) One day after NY Fed president John Williams (who apparently was not daytrading stonks and has not resigned unlike his Boston and Dallas Fed pals) warned of an “extreme” market backlash if the US debt ceiling is not raised (hitting even FOMC members’ wealth!) and just hours after Republican Senators blocked a Democratic Bill to raise it as was widely expected, this morning Janet Yellen sent yet another letter to Nancy Pelosi urging her in no uncertain terms to raise the debt ceiling.
Yellen Concedes Inflation Picking up, Could Reach 3 Percent
(John Solomon) Treasury Secretary Janet Yellen acknowledged Saturday that inflation was growing and could peak as high as 3 percent this year as the economy recovers from the pandemic, but she insisted there was no need for alarm.
Here We Go Again: Yellen Says ‘Tax Hikes’ Will Be Needed To Pay For Biden’s Infrastructure Plan
(Ryan Ledendecker) Here’s how President Joe Biden is starting out his presidency:
EXC: Biden Treasury Sec Yellen Paid by Chinese Communist Party-Linked Group
(Natlie Winters) Treasury Secretary Janet Yellen’s financial disclosures reveal she was paid to speak at Caixin – a Beijing-based media outlet with ties to the Chinese Communist Party, The National Pulse can today reveal.