On August 9, US Finance Minister Janet Yellen continued to urge the National Assembly to raise the ceiling of public debt through the actions of both institutes while the federal government is nearly exhausted, while warning the impacts Economic bad without increasing the ceiling of public debt. American Finance Minister Yellen spoke in Washington, DC. Material: AFP / TTXVN in a statement, Ms. Yellen said the increase in public debt ceiling will not only help increase government spending or through future expenditures, but also allow the Ministry of Finance to issue funding for activities approved by the National Assembly before. The Minister Yellen warned that it did not increase the ceiling of public debt will cause "unforgerable" harm to the US economy and the livelihood of all of the country
. In 2019, the US Congress suspended Applying public debt ceiling within 2 years and this decision is expired on July 31. That means the US Department of Finance cannot mobilize cash from the sale of government bonds, so the Ministry has to exercise "unusual measures" to maintain debt below the ceiling as well as continue to grant money Government activities. However, private economists said that these measures will only help maintain the sale of government bonds for several weeks, then there will be difficulties in debt repayment or suspension of public debt ceiling
The statistics show that the US budget deficit has skyrocketed in the Covid-19 pandemic after the country approves the huge spending bill to reduce the impact of epidemics for the economy. According to the US National Assembly Budget Office (CBO), public debt taken to June 2020 is 28,500 billion USD and the deficit in 2021 is estimated to reach 3,000 billion USD, only lower than the record deficit in 2020 . According to CBO, the Ministry of Finance can only cover funding until October or November, after that time may have to postpone payment or default, drag the economy. In the previous letter sent Arriving at the top of the past July, Ms. Yellen said that most of the debt was accumulated before President Joe Biden's government, urging the National Assembly to act as before "to protect faith and credit America's mission ", and calls this" General Responsibility ". Needs before, the Republican leader in the Senate Mitch McConnell said that the democratic side should take its own action to solve the problem of public debt ceiling. Nguyen Hang ( VNA) . Dịch vụ:
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