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trigger a constitutional crisis. president biden is asked for the ceiling to be raised with no strings attached, something the republicans have been unwilling to budge on. time is ticking. secretary yellen has estimated the government could run out of money to pay its bills next month. it money to pay its bills next month. , ., , , money to pay its bills next month. , ., ,, .,, money to pay its bills next month. , ., ,, , month. it is congress was my “ob to month. it is congress was my job to do month. it is congress was my job to do this. month. it is congress was my job to do this. if month. it is congress was my job to do this. if they - month. it is congress was my job to do this. if they fail - month. it is congress was my job to do this. if they fail to l job to do this. if they fail to do it we will have an economic and financial catastrophe that will be of our own making and there is no action that president biden and the us treasury can it take to preven ....
Analysis on this story. earlier i spoke with katrina ell, a senior economist at moody s analytics who told me we need to see a solution as soon as possible. i to see a solution as soon as possible- possible. i thinkjanet yellen s possible. i thinkjanet yellen s warning - possible. i thinkjanet| yellen s warning does crystallise the importance that congress and the us government really does need to put their best foot forward and get this debt ceiling issues sorted as soon as possible. at the end of the day, the global economy and the day, the global economy and the us economy has gone through a loss of the past three years and this is just another potential really bad situation and if it isn t sorted out soon then the us economy will be unable to avoid a recession and the global economy will go down a dark path as well. it is the global economy will go down a dark path as well. a dark path as well. it is fair to say that a dark path as well. it is fair to say that so a dark pat ....