{"id":1926523,"date":"2023-05-08T08:26:27","date_gmt":"2023-05-08T12:26:27","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/janet-yellen-suggests-republicans-are-holding-a-gun-to-the-head-of-the-american-people-over-debt-ceiling\/"},"modified":"2023-05-08T08:29:02","modified_gmt":"2023-05-08T12:29:02","slug":"janet-yellen-suggests-republicans-are-holding-a-gun-to-the-head-of-the-american-people-over-debt-ceiling","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/janet-yellen-suggests-republicans-are-holding-a-gun-to-the-head-of-the-american-people-over-debt-ceiling\/","title":{"rendered":"Yellen accuses Republicans of using debt ceiling as a threat."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjanet-yellen-suggests-republicans-are-holding-a-gun-to-the-head-of-the-american-people-over-debt-ceiling%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1926523&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Treasury Secretary Warns of Financial Chaos if Debt Ceiling Increase is Not Passed<\/h2>\n<p>Treasury Secretary Janet Yellen has issued a warning that the U.S. federal government will run out of money in June if the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-calls-on-congress-to-move-forward-on-raising-debt-ceiling\/\" title=\"Biden Calls On Congress To \u2018Move Forward\u2019 On Raising Debt Ceiling\">debt ceiling increase<\/a> is not passed. Speaking on ABC News\u2019 \u201cThis Week,\u201d Yellen emphasized the need to raise the debt ceiling so that the U.S. can pay its bills and avoid \u201cfinancial and economic chaos.\u201d<\/p>\n<h3>The Consequences of Not Raising the Debt Ceiling<\/h3>\n<p>Yellen stressed that failure to raise the debt ceiling would have serious consequences for the American people. She warned that a failure to honor all of its debt would call into question the U.S.\u2019s creditworthiness, leading to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/janet-yellen-suggests-republicans-are-holding-a-gun-to-the-head-of-the-american-people-over-debt-ceiling\/\" title=\"Yellen accuses Republicans of using debt ceiling as a threat.\">permanently higher borrowing costs<\/a> for Americans. This would affect everything from buying a home to buying a car, and could even cause a steep economic downturn.<\/p>\n<h3>Republican Lawmakers Accused of Holding \u201ca Gun\u201d to the Heads of the American People<\/h3>\n<p>Yellen accused Republican lawmakers of trying to negotiate with a \u201cgun to the head of the American people\u201d by insisting on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-adopts-adversarial-posture-toward-mccarthy-ahead-of-budget-cut-meeting\/\" title=\"White House Adopts Adversarial Posture Toward McCarthy Ahead of Budget Cut Meeting\">significant spending cuts<\/a> and other reforms before agreeing to raise the debt ceiling. She emphasized that negotiations should not take place with such a threat hanging over the American people.<\/p>\n<h3>The Importance of Meeting Responsibility<\/h3>\n<p>Yellen stressed the importance of Congress meeting its responsibility to raise the debt ceiling, pointing out that it has been raised 78 times since 1960, always with bipartisan support. She emphasized that it is unacceptable for Congress to threaten economic calamity for American households and the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dogecoin-rallies-after-launching-on-coinebase-pro-dogefather-elon-musk-retweets-inevitable-meme\/\" title=\"Dogecoin Rallies After Launching On Coinebase Pro, \u2018Dogefather\u2019 Elon Musk Retweets \u2018Inevitable\u2019 Meme\">global financial system<\/a> as the cost of raising the debt ceiling and agreeing on budget priorities.<\/p>\n<ul>\n<li>Yellen warns of financial chaos if debt ceiling increase is not passed<\/li>\n<li>Failure to raise the debt ceiling would lead to permanently higher borrowing costs for Americans<\/li>\n<li>Republican lawmakers accused of holding \u201ca gun\u201d to the heads of the American people<\/li>\n<li>Congress must meet its responsibility to raise the debt ceiling<\/li>\n<\/ul>\n<p>It is clear that the U.S. cannot afford to delay raising the debt ceiling any longer. The consequences of failing to do so would be dire for the American people and the global financial system. It is time for Congress to meet its responsibility and act in the best interests of the American people.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Treasury Secretary Janet Yellen said during an interview on Sunday that the U.S. federal government would run out of money sometime in June if the debt ceiling increase is not passed as she suggested that Republican lawmakers were trying to do negotiations with a \u201cgun to the head of the American people.\u201d Yellen made the<\/p>\n","protected":false},"author":134,"featured_media":1926524,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[4640,10142,5487,3756,4104,5286],"class_list":["post-1926523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire","tag-accuses","tag-ceiling","tag-debt","tag-republicans","tag-threat","tag-yellen"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1926523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/134"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1926523"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1926523\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1926524"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1926523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1926523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1926523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}