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CATEGORY: debt limit

JPMorgan CEO Jamie Dimon in Favor of Abolishing Debt Limit; States Getting Close to Default Can Cause Panic
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
May 11, 2023 01:20

JPMorgan CEO Jamie Dimon in Favor of Abolishing Debt Limit; States Getting Close to Default Can Cause Panic

Jamie Dimon, CEO of JPMorgan, stated that he favored abolishing the debt limit, giving the government the faculties to extend its debt without congressional action. Dimon also stated that even the drama surrounding the build-up to extending or not extending the debt limit could cause panic, as the U.S. economy is foundational for the world.

The post JPMorgan CEO Jamie Dimon in Favor of Abolishing Debt Limit; States Getting Close to Default Can Cause Panic appeared first on BTC Ethereum Crypto Currency Blog.

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Treasury Secretary Yellen Warns US Could Default on Its Debt by June 1
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 02, 2023 05:50

Treasury Secretary Yellen Warns US Could Default on Its Debt by June 1

U.S. Treasury Secretary Janet Yellen has warned that the Treasury will not be able to pay all of the government’s debt “as early as June 1, if Congress does not raise or suspend the debt limit before that time.” Yellen also cautioned that the U.S. defaulting on its debt obligations “would produce an economic and [...]

The post Treasury Secretary Yellen Warns US Could Default on Its Debt by June 1 appeared first on Crypto Breaking News.

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