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US Treasury’s Schoolmarm Yellen’s Advice to Congress

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#Yellen #Treasury #Congress #debt

Early Wednesday, Treasury Secretary ‘Schoolmarm’ Yellen urged House Speaker Nancy Pelosi and Congress to raise the debt ceiling and said the possibility of a US default can have drastic consequences for financial markets.

Mss Yellen warned, “A delay that calls into question the federal government’s ability to meet all its obligations would likely cause irreparable damage to the US economy and global financial markets.”

Congress will act and raise the debt limit.

Have a prosperous day, Keep the Faith!

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.