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Posts tagged as “Joe Biden”

Treasury Secretary Janet Yellen Urges Congress to Raise Debt Limit by June 1 or Risk Defaulting on Government Debt

Treasury Secretary Janet Yellen has issued a warning to Congress to raise the debt limit by June 1 or risk defaulting on the government's debt. House Speaker Kevin McCarthy and President Joe Biden are negotiating a path to avoid default, but it is unclear if an agreement will be reached in time. Yellen's warning serves as a reminder of the urgency of the situation, and Congress must take action to ensure the government is able to meet its obligations.