Showing posts with label Treasury Secretary Janet Yellen. Show all posts
Showing posts with label Treasury Secretary Janet Yellen. Show all posts

Wednesday, March 22, 2023

Treasury says it may not know debt ceiling deadline until after tax filing season

Treasury says it may not know debt ceiling deadline until after tax filing season

Snippet of Article: "...inquiry on how the government intends to avoid economic turmoil, a Treasury official reiterated warnings about the "catastrophic impacts" of a U.S. government debt default, but added that it’s unclear when it will need new borrowing authority. "Given historical variations and the timing of tax filings being made over the next two months, we may not have a clearer picture until sometime after the filing season regarding how long extraordinary measures and cash on hand will continue to enable Treasury to satisfy the government’s obligations..."

Source: www.foxnews.com

Debt Ceiling (Biden Refuses to Negotiate),Treasury Secretary Janet Yellen,

Tuesday, March 21, 2023

Bank Bailout Update | Yellen: More Actions Possible to Protect Bank Assets

Yellen: More Actions Possible to Protect Bank Assets

Snippet of Article: "...further steps to protect bank depositors may be warranted if smaller institutions suffer deposit runs that threaten more contagion, U.S. Treasury Secretary Janet Yellen plans to tell bankers Tuesday. In excerpts of prepared remarks to an American Bankers Association conference, Yellen said government steps taken in recent days to protect uninsured deposits in two failed banks..."

Source: www.newsmax.com

Bank Bailout Update, Treasury Secretary Janet Yellen, Bailing Out Banks again,Destruction of the working class,Wealth Redistribution to the wealthy and Banks again,