{"id":84675,"date":"2023-05-08T00:08:47","date_gmt":"2023-05-08T04:08:47","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=84675"},"modified":"2023-05-07T23:31:01","modified_gmt":"2023-05-08T03:31:01","slug":"yellen-warns-of-economic-chaos-unless-congress-raises-the-debt-ceiling","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2023\/yellen-warns-of-economic-chaos-unless-congress-raises-the-debt-ceiling.html","title":{"rendered":"Yellen warns of \u2018economic chaos\u2019 unless Congress raises the debt ceiling"},"content":{"rendered":"\n<p>(CNBC) 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., and she reiterated <a href=\"https:\/\/www.cnbc.com\/2023\/05\/01\/treasury-debt-limit-measures-may-run-out-by-june-1-yellen-says-in-letter-to-mccarthy.html?&amp;qsearchterm=debt%20ceiling\">her warning<\/a> that the Treasury Department may run out of measures to pay its debt obligations by June. \u201cOur current projection is that <a href=\"https:\/\/www.cnbc.com\/2023\/05\/01\/treasury-debt-limit-measures-may-run-out-by-june-1-yellen-says-in-letter-to-mccarthy.html\">in early June<\/a>, a day will come when we\u2019re unable to pay our bills unless Congress raises the debt ceiling, and it\u2019s something I strongly urge Congress to do.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/05\/07\/yellen-warns-of-economic-chaos-unless-congress-resolves-debt-ceiling.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) 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., and she reiterated her warning that the Treasury Department may run out of measures to pay [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-84675","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=84675"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84675\/revisions"}],"predecessor-version":[{"id":84676,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84675\/revisions\/84676"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=84675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=84675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=84675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}