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CATEGORY: us debt default


May 23, 2023 05:50

Treasury Secretary Yellen Insists US Could Default on June 1 — Goldman Sachs Estimates ‘Real Deadline’ Is a Week Later

U.S. Treasury Secretary Janet Yellen has insisted that the U.S. could default on its debt obligations on June 1. “I think that’s a hard deadline,” she stressed. Meanwhile, global investment bank Goldman Sachs has estimated that the “real deadline” for a possible U.S. default is “more like” June 8-9. Yellen and Goldman Sachs on U.S. [...]

The post Treasury Secretary Yellen Insists US Could Default on June 1 — Goldman Sachs Estimates ‘Real Deadline’ Is a Week Later appeared first on Crypto Breaking News.

May 15, 2023 05:50

Harvard Economics Professor: US Default Could Spark Global Financial Crisis

Harvard economics professor Kenneth Rogoff, who previously served as the chief economist at the International Monetary Fund (IMF), has warned that the U.S. defaulting on its debt obligations could spark a global financial crisis. “It’s a very perilous situation and we are in unknown waters,” he warned. Harvard Professor of Economics Kenneth Rogoff on U.S. [...]

The post Harvard Economics Professor: US Default Could Spark Global Financial Crisis appeared first on Crypto Breaking News.

May 14, 2023 05:50

US Government Faces ‘Significant Risk’ of Default in June, Congressional Budget Office Warns

The Congressional Budget Office (CBO) has stressed that “there is a significant risk that the Treasury will run out of funds at some point in the first two weeks of June” if the debt ceiling is not raised or suspended. The CBO’s projection is in line with the estimate by the Treasury Department that a [...]

The post US Government Faces ‘Significant Risk’ of Default in June, Congressional Budget Office Warns appeared first on Crypto Breaking News.

May 13, 2023 05:50

IMF Warns of ‘Very Serious Repercussions’ if US Defaults on Debt Obligations

The International Monetary Fund (IMF) has warned of “very serious repercussions” to both the U.S. and the global economy if the U.S. defaults on its debt obligations, which could be as soon as June 1. “We are calling on all of the parties to come together, reach consensus, and resolve the matter as quickly as [...]

The post IMF Warns of ‘Very Serious Repercussions’ if US Defaults on Debt Obligations appeared first on Crypto Breaking News.

May 12, 2023 05:50

SEC Chair Warns US Default Would Have ‘Significant’ and ‘Lasting Effects’ on Investors, Markets

Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that the U.S. Treasury defaulting on its debt obligations “would have very significant, hard to predict, and likely lasting effects on investors, issuers, and markets alike.” Gensler stressed: “We’ve already seen an effect in the pricing and liquidity of short-dated Treasury bills and continue to [...]

The post SEC Chair Warns US Default Would Have ‘Significant’ and ‘Lasting Effects’ on Investors, Markets appeared first on Crypto Breaking News.

May 10, 2023 06:10

Lawmaker Warns US Default Risks Dollar’s Reserve Currency Status, Exploitation by China and Russia

The top Democrat on the House Intelligence Committee has warned that China and Russia would seek to exploit the chaos resulting from a U.S. default. He further cautioned that the U.S. dollar’s reserve currency status could be eroded if the U.S. defaults on its debt obligations. U.S. Lawmaker’s Debt Default Warning Congressman Jim Himes (D-CT), [...]

The post Lawmaker Warns US Default Risks Dollar’s Reserve Currency Status, Exploitation by China and Russia appeared first on Crypto Breaking News.

May 06, 2023 05:50

Fed Chair Warns of ‘Uncertain and Adverse’ Consequences of US Debt Default — ‘We’d Be in Uncharted Territory’

Federal Reserve Chairman Jerome Powell has warned of “highly uncertain and adverse” economic consequences if the U.S. defaults on its debt obligations. “No one should assume that the Fed can protect the economy from the potential short and long-term effects of a failure to pay our bills on time,” he further cautioned. Fed Chair Jerome [...]

The post Fed Chair Warns of ‘Uncertain and Adverse’ Consequences of US Debt Default — ‘We’d Be in Uncharted Territory’ appeared first on Crypto Breaking News.

May 03, 2023 01:25

Standard Chartered Analyst: BTC to Surge by $20,000 if the US Defaults on Debt Obligations

Geoff Kendrick, the head of forex research at the banking institution Standard Chartered, recently said that the price of bitcoin is likely to jump by $20,000 in the event of the United States defaulting on its obligations. According to Kendrick, while bitcoin is likely to surge when the U.S. defaults, other cryptocurrencies like ethereum are

The post Standard Chartered Analyst: BTC to Surge by $20,000 if the US Defaults on Debt Obligations appeared first on BTC Ethereum Crypto Currency Blog.

May 03, 2023 05:50

Russia Monitoring US Economy Amid Possible Default, Says Official

Russia is closely monitoring the U.S. economy amid discussions of the U.S. government defaulting on its debt obligations. Treasury Secretary Janet Yellen said the Treasury will be unable to pay the government’s bills if Congress does not act by June 1. Russia Monitoring US Economy in Case of Debt Default Russia is closely monitoring the [...]

The post Russia Monitoring US Economy Amid Possible Default, Says Official appeared first on 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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