The default of the United States will create the risks of undermining the country’s leadership in the global economy. It will also raise questions about the country’s ability to protect national security interests. This was reported by RIA Novosti, referring to US Treasury Secretary Janet Yellen.
Yellen argues that America’s default will create the risks of undermining the country’s leadership in the global economy. She elaborates that this would raise questions about the ability to protect national security interests.
“A default … risks undermining US leadership in the global economy, raising questions about our ability to protect our national security interests,” she said.
The minister noted that a default on the United States government debt would lead to economic and financial disaster. However, she said that millions of Americans will lose their jobs.
“According to my assessment… default on US obligations will lead to economic and financial disaster. Millions of Americans could lose their jobs, people’s incomes will decrease”, Yellen said.
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