Jennifer Epstein

@jeneps ↗

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Last Checked Sept. 3, 2021

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Fri Jul 23 16:51:45 +0000 2021

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Jennifer Epstein @jeneps

“Even the threat of failing to meet those obligations has caused detrimental impacts in the past, including the sole credit rating downgrade in the history of the nation in 2011,” Yellen recalls. — PolitiTweet.org

Posted July 23, 2021

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Jennifer Epstein @jeneps

Yellen: “If Congress has not acted to suspend or increase the debt limit by Monday, August 2, 2021, Treasury will need to start taking certain additional extraordinary measures in order to prevent the United States from defaulting on its obligations.” https://t.co/QwveDyEvGZ — PolitiTweet.org

Posted July 23, 2021

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Jennifer Epstein @jeneps

“Treasury is not able to currently provide a specific estimate of how long extraordinary measures will last. However, there are scenarios in which cash and extraordinary measures could be exhausted soon after Congress returns from recess,” Yellen says. — PolitiTweet.org

Posted July 23, 2021