Continue to sponsor the US government without economic recovery may be stopped. It is an emergency message that Finance Minister Janet Yellen and the Federal Reserve Chairman (Fed) Jerome Powell has moved to American legislators at the hearing with the Senate Committee on September 27. U.S. Congress
. (Source: Reuters) According to Yellen, if the US defeated, faith in the dollar as a global reserve currency will be declined. At the same time, social security payments will be suspended. The US Finance Minister stressed: "It is imperative that the National Assembly must resolve debt limits
Otherwise, this is the first time in history, the US failed. Trust and credibility will be reduced and the country may face a financial crisis and the economic recession. The lift of debt ceiling is necessary to prevent a catastrophic event for the economy "Powell president also agrees that the United States will face the" devastating "consequences if dehydration. Powell said : "I think, it is necessary to increase the debt ceiling in time to avoid breakdowns in any form and potential impacts can be very serious." Date, Emergency spending bill In order to raise the ceiling of public debt and prevent the US government to close the door stopped in the vote in the Senate. This bill has passed down to the House of Representatives, whereby the budget to the Government maintains its operations until December 2021 and suspends to impose public debt ceiling to December next year. American legislators need to approve the bill This from now on September 30 to prevent the government scenario to close. Besides, according to the US Ministry of Finance, the National Assembly also needs to act before October 15 to raise the debt ceiling to avoid the risk of debt. (According to Aljazeera) . Dịch vụ:
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