{"id":1927210,"date":"2023-05-09T06:58:26","date_gmt":"2023-05-09T10:58:26","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/treasury-sec-yellen-warns-of-chaos-if-congress-fails-to-raise-debt-ceiling\/"},"modified":"2023-05-09T07:03:19","modified_gmt":"2023-05-09T11:03:19","slug":"treasury-sec-yellen-warns-of-chaos-if-congress-fails-to-raise-debt-ceiling","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/treasury-sec-yellen-warns-of-chaos-if-congress-fails-to-raise-debt-ceiling\/","title":{"rendered":"Yellen warns of chaos if debt ceiling not raised."},"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\">18<\/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%2Ftreasury-sec-yellen-warns-of-chaos-if-congress-fails-to-raise-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=1927210&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 Janet Yellen Warns of Economic Downturn if Debt Ceiling Isn&#8217;t Raised<\/h2>\n<h3>What You Need to Know:<\/h3>\n<ul>\n<li>Treasury Secretary Janet Yellen warns that failure to raise the debt ceiling will cause a &#8220;<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.\">steep <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/economists-bidens-policies-to-lift-oil-and-gas-prices-hurt-u-s-households\/\" title=\"Economists: Biden\u2019s policies to lift oil and gas prices, hurt U.S. households\">economic downturn<\/a><\/a>&#8221; in the U.S.<\/li>\n<li>The Treasury Department may run out of measures to pay its debt obligations by June.<\/li>\n<li>Yellen urges Congress to take action to avoid &#8220;economic calamity.&#8221;<\/li>\n<li>President Joe Biden has called a meeting with congressional leaders to discuss the debt limit.<\/li>\n<\/ul>\n<p>Treasury Secretary Janet Yellen has issued a dire warning that failure to raise the debt ceiling will cause a &#8220;steep economic downturn&#8221; in the U.S. She has urged Congress to take action to avoid &#8220;economic calamity&#8221; as the Treasury Department may run out of measures to pay its debt obligations by June.<\/p>\n<p>Yellen has called for decisive action, and quickly. President Joe Biden has organized a meeting with congressional leaders to discuss the debt limit, which has been described as &#8220;very important&#8221; by House Democratic Leader Hakeem Jeffries. However, Sen. James Lankford, R-Okla., has criticized President Biden&#8217;s refusal to negotiate, stating that the issue was raised the week after the election in November.<\/p>\n<p>It&#8217;s clear that action needs to be taken to avoid a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/treasury-sec-yellen-warns-of-chaos-if-congress-fails-to-raise-debt-ceiling\/\" title=\"Yellen warns of chaos if debt ceiling not raised.\">potential economic crisis<\/a>. Let&#8217;s hope that Congress can come to a resolution before it&#8217;s too late.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Treasury Secretary Janet Yellen on Sunday said that failure to raise the debt ceiling will cause a \u201csteep economic downturn\u201d in the U.S.She reiterated her warning that the Treasury Department may run out of measures to pay its debt obligations by June. \u201cIt\u2019s widely agreed that financial and economic chaos will ensue,\u201d Yellen said. Treasury<\/p>\n","protected":false},"author":1,"featured_media":1927211,"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":[547],"tags":[10142,5441,5487,4959,3633,5286],"class_list":["post-1927210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-ceiling","tag-chaos","tag-debt","tag-raised","tag-warns","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\/1927210","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1927210"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1927210\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1927211"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1927210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1927210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1927210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}