US Debt

US Senators Agree To Raise Debt Ceiling To Avoid Economic Catastrophe

Oct 7, 2021. by Ekohot Editor

The agreement comes less than two weeks before 18 October, the day the US Treasury Secretary Janet Yellen warned was the deadline to prevent the first ever US default United States Senators have agreed to extend the country’s debt ceiling, less than two weeks before it was due to be reached. A debt ceiling is … Read more

United States May Suffer An Economic Catastrophe On Oct 19

Oct 4, 2021. by Ekohot Editor

Yellen had warned lawmakers earlier this week that if Congress fails to raise, the federal government will exhaust extraordinary measures by October 18 The United States could be just weeks away from defaulting on its debt for the first time ever. The $28.4 trillion debt limit was reinstated August 1. Since then, Treasury Secretary Janet … Read more