# US Treasury's Schoolmarm Yellen's Advice to Congress

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Last modified: 2021-09-08

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By Paul Ebeling · 2021-09-08
Tags: Treasury, Yellen, debt, congress, Paul Ebeling, Knightsbridge Insights
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#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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