The Minister Warned The Disaster From The Risk Of Public Debt

US Finance Minister Janet Yellen on September 28 warns that there will be the consequences of 'disaster' if the National Assembly does not raise or suspend the ceiling of public debt in less than three weeks of: 00/2: 09 domain NamPhetti before the Senate Bank Committee, Minister Yellen said what could happen if the National Assembly did not handle the issue of public debt ceiling before October 18, the time the US Department of Finance believed Debt, New York Times reported. According to Mrs. Mrs. Yellen, the National Assembly did not have a widespread impact in the economy. Social benefits will be slow to the elderly hand, soldiers do not know when to receive salary, credit card interest rate, car loan and mortgage purchase will increase, thereby making more expensive payment Red

. US Finance Minister Janet Yellen. Photo: New York Times. The US debt will also weaken the position of the international reserve currency of the USD, according to US Finance Minister
"It is a disaster for the US economy, Talent market Global itself, and millions of families as well as workers - who are at risk of losing financial security due to delayed payments, "said Yellen. Yellen gave the warning on The scene of the US stock market spent on the worst day since May. It is an investor with many concerns, such as the ability of the government to closure and default, persistent inflation, Delta transformations, also As the federal reserve department plans to soon withdraw measures to support the economy. The American Society is now trying to find out how to solve 2 urgent issues: ensuring the government's operating budget after day September 30 and raising the public debt ceiling to continue to borrow money to repay the debt. This bill can ensure the operating budget for the Government until early December and raise the ceiling of public debt. The public debt ceiling in the US is usually treated with bisexual consensus. But republican party members are refusing to coordinate with democratic party members to adopt regulations to raise their loan limits. They argue that the enemy has enough votes to lift the debt ceiling. Including the Republican Senator John Kennedy, Ms. Yellen said that the Democratic Party may be able to lift their own debt ceiling itself, but Republican party members are Reject your responsibility to pay the debt that they contribute to the creation
Yellen said that this is a common responsibility, because the budget deficit occurs under both the Republican and Democratic Party governments.

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