US Treasury Secretary Janet Yellen has renewed her call for Congress to raise or suspend the US debt ceiling, saying the government will run out of money and be unable to pay its bills sometime in October. .
According to Al Arabiya.net, Yellen wrote in an op-ed in the Wall Street Journal that economists and Treasury officials of both parties agree that failure to raise the debt limit will lead to A large-scale economic disaster.
The US House of Representatives will vote next week to raise the country's $28 trillion debt ceiling, amid a standoff between Democrats and Republicans that continues to threaten a debt default next month. .
Yellin said a default in the United States is likely to precipitate a historic financial crisis that will exacerbate the damage from the ongoing public health emergency, pushing the United States into stagnation and left by a permanently weaker nation.
Delays or omissions should not be tolerated, and lawmakers must act quickly, Yellen added.
Senate Minority Leader Mitch McConnell has rejected Yellen's request that Republicans join Democrats in raising the federal debt ceiling, leaving the two sides at odds that could take weeks for the limit to be crossed. allowed.
