Yelen pointed out that the United States is expected to decrease by about 54 billion dollars on January 2, and will not reach debt restrictions after the stop.
“This is mainly due to the redemption of a securities without a market owned by the Federal Trust Fund to pay for Medcare.”
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Can we reach debt restrictions next month?
The United States is on a collision course with potential defaults of national debt, which may cause its credit rating significantly and unleash economic confusion throughout the world market. This approaching crisis focuses on issues with debt maximum, causing a wide range of concerns among investors, policies, and international allies. Federal debt restrictions are scheduled to be revived on January 1, 2025, and extraordinary measures of the Ministry of Finance are likely to be implemented by mid -2025, so the urgency of the parliament has become so large. 。 When the parliament passed, he reached a supervisor contract between House chairman Kevin McCarsey and President Joe Biden. Under the law, the limitations of the Ministry of Finance, which issued debts to cover the national bill on January 2, have increased to more than $ 36 trillion, and the parliamentary lawsuits are restricted. The government is risky without raising or stopping. That obligation is default.
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However, Jelen explained in a letter that the Ministry of Finance had extra time between January 14 and January 24 due to the timing of debt payments related to the Medcare Trust Fund. At that time, according to Yellen, the Ministry of Finance will start using special accounting procedures and avoid default of the national debt.
“I respect the Congress to act to protect the United States to protect the complete religion and credit,” said Yelen.
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Jeren’s letter said that last week’s Trump asked to raise his debts to the parliament after asking the parliament to raise the debt under a Videnium clock before Trump took office next month. I came later.
Trump has urged the Republican Party leaders to add an extension of the debt limit to the government expenditure bill. However, 38 GOP members, mainly hard -line fiscal conservatives, have sank a bill, including extension of debt maximum, in cooperation with most Democrats.
(With agency input)
