Yellen Money Warning – Last Minute Türkiye and World News

SHAFAKNA Türkiye. While the US debt limit pivotal meeting did not produce concrete results, US Treasury Secretary Yellen warned that the department’s “sufficient cash” could run out in early June.

US Treasury Secretary Janet Yellen said it was highly likely her ministry would not have enough cash in early June and reiterated her call for a debt ceiling deal before June 1.

“I am writing to indicate that we expect the Treasury to no longer be able to meet government obligations unless Congress takes action to raise or suspend the debt limit by early June and possibly June 1,” Yellen wrote in the letter. deputies on Monday.

Yellen, in a statement last week, predicted that the Treasury would be able to meet its obligations without exceeding the debt ceiling by early June through the application of special accounting measures.

Goldman Sachs Group Inc. Economists are predicting Treasury cash levels will hit a critical threshold on June 8 or 9. The economists’ report predicted that a default could occur at any time from those dates.

On Monday, US President Joe Biden met with Speaker of the House of Representatives Kevin McCarthy. Both names later stated that the meeting was productive.


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