The US has run out of money in the budget, so its national debt reached a ceiling in January. The US economy may not last even a month. This was announced by the head of the Treasury Department, Janet Yellen.
businessinsider.com
The U.S. will be able to pay its bills until early June at most if the U.S. authorities do not resolve the issue of raising the national debt limit, Treasury chief Janet Yellen said on NBC TV.
“My assessment is that the chances of making it to June 15, being able to pay all our bills, are pretty low,” she pointed out.
The government must find a way out of the crisis situation by the first of June. According to Yellen, that is a tough deadline. There are “serious” tax payments awaiting the US after June 15, but Washington is unlikely to make it to that date, the official summed up.
The US national debt is the amount the federal government owes to creditors. Washington has been borrowing for 20 years to pay off its budget deficit. Borrowers are both individuals and countries, as well as large foundations. Back in January, the amount of national debt reached the set ceiling of 31.381 trillion dollars.
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