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CATEGORY: us default

Treasury Secretary Yellen Revises Debt Default Date: US Government Could Exhaust Funds by June 5
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 28, 2023 05:50

Treasury Secretary Yellen Revises Debt Default Date: US Government Could Exhaust Funds by June 5

U.S. Treasury Secretary Janet Yellen has updated her projection regarding the date the U.S. government could default on its debt obligations. She warned that the Treasury “will have insufficient resources to satisfy the government’s obligations if Congress has not raised or suspended the debt limit by June 5.” Yellen Warns US Could Default on June [...]

The post Treasury Secretary Yellen Revises Debt Default Date: US Government Could Exhaust Funds by June 5 appeared first on Crypto Breaking News.

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Hillary Clinton Warns of ‘Worldwide Financial Meltdown’ and Dollar Losing Reserve Currency Status if US Defaults on Its Debt
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 26, 2023 05:50

Hillary Clinton Warns of ‘Worldwide Financial Meltdown’ and Dollar Losing Reserve Currency Status if US Defaults on Its Debt

Former U.S. Secretary of State Hillary Clinton has warned that the U.S. defaulting on its debt obligations could lead to a global financial meltdown. “If Congress keeps flirting with default, calls for dethroning the dollar as the world’s reserve currency will grow much louder,” she stressed. Hillary Clinton on U.S. Debt Default and Dollar Losing [...]

The post Hillary Clinton Warns of ‘Worldwide Financial Meltdown’ and Dollar Losing Reserve Currency Status if US Defaults on Its Debt appeared first on Crypto Breaking News.

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IMF Foresees No ‘Rapid Shift’ in US Dollar Reserves Despite Rising De-Dollarization Trend
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 26, 2023 05:50

IMF Foresees No ‘Rapid Shift’ in US Dollar Reserves Despite Rising De-Dollarization Trend

The International Monetary Fund (IMF) does not expect a “rapid shift” in the U.S. dollar reserves despite a rising de-dollarization trend and a looming U.S. debt default. “Don’t kiss your dollars goodbye just yet,” said IMF Managing Director Kristalina Georgieva. The IMF chief does not expect the U.S. to default on its debt obligations. US [...]

The post IMF Foresees No ‘Rapid Shift’ in US Dollar Reserves Despite Rising De-Dollarization Trend appeared first on Crypto Breaking News.

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Treasury Secretary Yellen Insists US Could Default on June 1 — Goldman Sachs Estimates ‘Real Deadline’ Is a Week Later
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
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.

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Biden Says He Won’t Agree to Deal That ‘Protects Wealthy Tax Cheats and Crypto Traders’ as US Default Looms
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 22, 2023 05:50

Biden Says He Won’t Agree to Deal That ‘Protects Wealthy Tax Cheats and Crypto Traders’ as US Default Looms

U.S. President Joe Biden says he will not agree to “a deal that protects wealthy tax cheats and crypto traders while putting food assistance at risk” as the U.S. faces the risk of defaulting on its debt obligations. “I’ve done my part,” Biden stressed, adding that it is now time for the Republicans to move [...]

The post Biden Says He Won’t Agree to Deal That ‘Protects Wealthy Tax Cheats and Crypto Traders’ as US Default Looms appeared first on Crypto Breaking News.

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146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 18, 2023 05:55

146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’

Top executives from 146 major companies in the U.S. — including Morgan Stanley, Goldman Sachs, Nasdaq, and Pfizer — have urged President Joe Biden and congressional leaders to act swiftly to prevent the U.S. from defaulting on its debt, which could occur as early as June 1. They warned of “potentially disastrous consequences” if the [...]

The post 146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’ appeared first on Crypto Breaking News.

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Harvard Economics Professor: US Default Could Spark Global Financial Crisis
Author: Crypto Breaking News
United Kingdom
Source: 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.

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US Government Faces ‘Significant Risk’ of Default in June, Congressional Budget Office Warns
Author: Crypto Breaking News
United Kingdom
Source: 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.

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IMF Warns of ‘Very Serious Repercussions’ if US Defaults on Debt Obligations
Author: Crypto Breaking News
United Kingdom
Source: 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.

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Lawmaker Warns US Default Risks Dollar’s Reserve Currency Status, Exploitation by China and Russia
Author: Crypto Breaking News
United Kingdom
Source: 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.

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Fed Chair Warns of ‘Uncertain and Adverse’ Consequences of US Debt Default — ‘We’d Be in Uncharted Territory’
Author: Crypto Breaking News
United Kingdom
Source: 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.

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Economist Peter Schiff Warns US Dollar Collapse ‘Inevitable’
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Aug 05, 2023 05:50

Economist Peter Schiff Warns US Dollar Collapse ‘Inevitable’

Economist Peter Schiff has warned of an impending collapse of the U.S. dollar even though he sees Fitch’s downgrade of the U.S. rating this week as “meaningless.” While cautioning about a financial crisis and a crash, Schiff emphasized: “Given the trajectory of U.S. government deficit spending, a dollar collapse is inevitable.” Schiff on US Rating [...]

The post Economist Peter Schiff Warns US Dollar Collapse ‘Inevitable’ appeared first on Crypto Breaking News.

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Russia Monitoring US Economy Amid Possible Default, Says Official
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
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.

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Economist Peter Schiff Warns of US Dollar Crisis and ‘Catastrophic End’ — National Debt Will ‘Spiral out of Control’
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 02, 2023 05:50

Economist Peter Schiff Warns of US Dollar Crisis and ‘Catastrophic End’ — National Debt Will ‘Spiral out of Control’

Economist Peter Schiff has warned of an impending U.S. dollar crisis. He predicted that with the new debt ceiling deal, “reckless government spending and borrowing will continue until a sovereign debt and U.S. dollar crisis bring it to a catastrophic end.” Peter Schiff’s Latest Economic, Dollar Crisis Warnings Economist and gold bug Peter Schiff has [...]

The post Economist Peter Schiff Warns of US Dollar Crisis and ‘Catastrophic End’ — National Debt Will ‘Spiral out of Control’ appeared first on Crypto Breaking News.

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