The Impending Financial Disaster of the US Debt Ceiling
TL;DR Summary
Treasury Secretary Janet L. Yellen has warned Congress that the government may run out of money to pay all its bills as soon as June 1 due to the debt ceiling. If Congress fails to act, the government could run short of cash to make required payments of all kinds, leading to default, which could have devastating effects on the United States and global economies.
- The debt ceiling, visualized: What happens if the U.S. hits the limit The Washington Post
- White House weighing debt ceiling fallback options MSNBC
- US debt ceiling: How to trade off it Reuters
- Jack Lew: We are weeks away from a potential financial disaster CNN
- Americans should be outraged by debt ceiling game of chicken | READER COMMENTARY Baltimore Sun
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