In a letter sent to House Speaker Kevin McCarthy and other members of Congress, Treasury Secretary Janet Yellen warns that the U.S. government could soon default on its debt if no action is taken. Yahoo Finance Anchor Seana Smith gives further details on May 1, 2023.
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Guess they should not have spent so much, huh?🤔🤔🤔🤔🤔🤔🤔🤔
This is why senetors and congresional members should not make 150 k a year plus… should be the avagrage slalery of the us american
God forbid they actually prioritize what should get paid and what will have to be curtailed.
Maybe if we didn’t give all our money to other countries this wouldn’t be an issue
Lol okay
Wasn’t she just saying how great everything was?
Violence now. Voting does nothing, peaceful protests do nothing.
Can’t wait for the government to squeeze more money out of me through inflation and taxes.
Meanwhile they made “citizens” responsible for the national debt 🤨
Democrats better instead of giving up the secret rule like they did just pass it and don’t tell republicans anything else.
We are slready in default
Because of biden
Sleepy JO needs to meet with Kevin McCarthy.
This nation is broke and keep printing none existing money
This needs to happen. The House needs to hold out for budget and spending concessions. Right now Biden is trying to bully them. Elections have consequences.
There will be a total government shutdown
If only every time I was about to maximize my credit cards I could just raise the card limits.
You could always apply for a new credit card to pay back the old one!
We need to more time to teach republicans how math works
Pass a budget you criminals. It’s federal law.
idea get the friggin money back from ukraine
June one triggered me
Here we are again.. clearly these people don’t know how to do their job with checks and balances and everyone is going to suffer.
Food stamps will be cut off. I couldn’t care less
Cool. So you’re inviting them all over for dinner eh?
All government crooks will be well taken care of, meanwhile we are phucked up the pooper
Tell Zelenky to return all the billions and we will have enough money to pave the streets with gold
They play this game every couple years. They want us to think they’re doing something constructive
Oh no the sky will fall the oceans will evaporate the dead rising from the grave PANDAMONIUM in the streets Lordy Lordy Lordy… or more of the same
yada yada blah blah ….
Janet could dunk a basketball too, but the odds are against it!!
Let it go , stop spending money ! Cut government wasteful programs and employees ! Stop giving money and resources away out of this country . Close the boarders , send illegals away , stop paying for them . Let them come the legal way ! Enforce all laws or get rid of them !
so what . they just make a new budget & print more money lmfao. its all fake, we created this nonsense
And their still unsure if we’re heading towards arecession. WE CAN’T EVEN KEEP OUR GOVERNMENT RUNNING so I’m pretty sure we’re in a recession. Not a slight one a major one.
We’re aiding Ukraine and Zelensky is shitting on America’s richest man smh
100% Democrats fault
Us defaults on national debt.
Now you know why biden just sent 1500 troops to the southern border.
Not to keep Mexicans out, but to keep Americans in.
Better cash out none
✊🏿✊🏿✊🏿✊🏿
All apart of the plot for total control over the people… first they took away the gold, now the take away the paper they gave in place of the gold and give you nothing yet call it something….. digital currency, which expires.
Is it time to take away heads yet ?
Are you fed up yet ??
FIRE YELLEN.
Usa Hegemony is Over!!🎉🎉😂
good let it default… NO more printing..
CUT THE SPENDING OVERSEAS!! THERE I SOLVED THE PROBLEM!! 🤡
Biden’s spending spree.
I HOPE TO GOD WE DEFAULT! IT WILL BE ALL BIDEN’S FAULT
It is the fault of incompetent leadership in the house, senate, and president that is responsible for the US default on our debt particularly where the value of the dollar dropped dramatically after Bidumb signed sanctions against Russia for its invasion into Ukraine which raised the cost of fuel, food, and just about everything else, so we can fight over a worthless piece of radioactive soil in a country that is not the US.
If you look up which country has the most gold it’s USA at the top so why do we have debt 🤔🤔
there’s a lot of over paid politicians and athletes, I see a way out of this.
Quit giving away money to other countries….
This happens every year and people over react.
Then quit giving money to Ukraine Biden. Problem solved.
Congratulations Biden….it is almost like you shouldn’t have unlimited spending. Who would have thought sending all that $ to Ukraine could hurt us at home….
Worst POTUS in history.
And we giving money away like it grows on trees. Borrow to give to other countries are we nuts.
It might be time for a WELL REGULATED MILITIA by WE THE PEOPLE!
If we only default now would bring a brighter future for our country!
Good, let them default so they would hopefully learn to prioritize and spend less.
They raise the debt ceiling all the time. And they will raise it once again even if there is DC drama. Nothing to see here. Story is a nothing burger
Another gift from Biden😅😮
OH NOOOO! What will we ever do without more laws and regulations! THE HORROR!!!!
What a joke! This country hasn’t had good leadership years. The dollar is dead because our GOV uses it as a weapon. Now countries are dumping the dollar. You better start buying digital assets. And it’s not BTC or ETH. You figure out the rest!
Yeah, Yeah. We hear this every time that they overspend and get near the debt celling. They raise it, and kick the can down the alley. I have a really novel idea. Cut spending!!
Default? LoL, they keep borrowing an infinite amount of money without the intent of paying it back. The U.S. is broke.
try reporting the facts republicans have a plan but biden and the demorats want unlimited blank checks
Let’s go Brandon! We know Biden has sunk all areas of American life in such a short time. Pray!
Is this a rerun?
Stop spending, Stop spending, Stop spending!!!!
Ya know, when my income decreases, so too does my spending. I cut EVERYTHING out of my budget that is not a necessary. I AM SURE that the USA could cut spending. Let’s start with Fauci’s salary. I heard the federal government hired him again. Then we cut all gain of function research from here on out, we fire most of the NIH and CDC leadership, we stop funding the WHO, we cut ALL of the climate change expenditures– I mean ALL of them- and we cut every dime we are spending on putting illegal immigrants up in hotels, giving them free medical care, etc…. Let’s cut all the Federal governments workers’ little luxaries–free donuts and coffee, and private plane trips, and special dinners, and remodeling the White House, etc, etc, etc…That plan alone is probably more than a Trillion dollars. This is not rocket science. A responsible President would have a 100 page list of everything he is going to recommend that we cut out of our budget, not stick his head in the sand and whine.
TERRORISTS GROWING LAND ALKHERALA WHY?????
You’re all complaining and calling them idiots, but what would you do? If you stop spending, i.e., cut all the welfare programs, you would lose your office as everyone would be in an uproar. If you suspend the ceiling or raise it, this country will soon collapse and break up like the soviet union. Solution…..GO!?!
I’d cut all the IOUs in the social security trust fund and revert the bill that Reagan enacted allowing the government to raid that fund.
Unfortunately everyone who has paid into the fund since then will lose all their contributions and all entitlements would stop. Of course everyone already lost their contributions the moment they paid the SSI tax considering it never entered the fund since Reagan’s bill. Boomers only have themselves to blame. Gen X, well you know whose fault it is you can’t retire. Millennials, you better start working harder playing catch up in the working years you’ve got left.
Yall aint listening to YAhoo I know you aint. Doesnt matter if they are correct, they are yahoo lmao
Good
You don’t need to raise the debt ceiling to pay your bills, you just have to be fiscally responsible. Which our Government is not because there’s no oversight.
Maybe if the federal government didn’t think it could fix every single problem by throwing money at it then we wouldn’t be in this mess. Maybe if more Americans said that they’d take care of themselves and solve their own problems instead of demanding the government step in and help them.
Just as long as we don’t send millions to Pakistani gender studies programs again.
Maybe we should stop giving money away to illegal aliens that have never paid one dollar in taxes.
Oy vey Janet. 😮
I hope President Biden feels great.Ukraine, Taiwan no debt ceiling.
We could be obliterated by an asteroid by June 1. That has happened once; US default on debt has not. No intelligent person believes we would fail to increase the debt ceiling.
We are running out of credit cards to max out. The White House house went full Black House.
Good. At least we’ll realize how non-essential the gov workers are.
Is this not expected when we send trillions to comedians
Oh please let it happen
Only ignorant children are freaking out about the debt limit. We have THIS SAME discussion every time it comes up and we NEVER default!
Perhaps the democrats should get their spending (which has caused record inflation BTW) under control?!? OR, they could raise taxes again. They control all of our government right now, so after the last 2 years if anyone ISN’T paying their “fair share” of taxes you have only Biden and the Dims to blame!
How many people do you know that go to the bank borrow as much money as possible then give it all away Well there called politicians 😮
I really don’t care the criminals running this country into the ground needs that ride to gitmo.
The criminal Rothschild central bank will be destroyed and replaced by the quantum financial system with gold and silver backed money.
No way!
Yep, tell me something new
We hear this about once every 6 months now it seems like. 🙄
Time to put the pin back in the grenade GOP, this isn’t recess on the playground, this is serious
This ladies eyes tell me ….she’s about to lose most of her 401k in 2023
What do you expect Attitude reflects leadership
Bro I’m 12 why did I get sent this 😂😂
Then default i guess all of the boomer gimme dats will end
Good, shut it down!!!
No surprise that the FEDNOW is scheduled for July 🤔
They say this every year. And the republicans always blame the democrats for it. Republicans the finger pointers of DC.
Don’t GIVE THEM ANY MORE MONEY.
THAT’S ONE OF THE ISSUES.
It will be sooner than that. The treasury balance is 188 billion and they are spending 40 billion a day. Do the math. The bond market is also showing this June 1st date as being generous.
Tell obiden get to table,take out BS spending and sign bill or default!!! It’s on obiden!
Well guys usa might finally die unfortunately🫤🙃
What a good job on the story thank you!