The unintelling of the ceiling of the public debt threatens the United States by default and catastrophic consequences for the economy. This was stated by the Minister of Finance of the Country of Janet Yellen, writes TASS.
Ceiling of the public debt is frozen until July 31. If there are problems with its increase, the Ministry of Finance will be forced to take “emergency measures” to prevent the default, warned yellen.
“I believe that it will strengthen the financial crisis, it will threaten the jobs and savings of Americans, and this is at the time when we are still recovering after a pandemic,” she said, speaking of default on the public debt. The Minister encouraged the Congress to take measures to increase the debt ceiling as soon as possible.
Earlier, the Republicans said they would not support the increase in public debt if US President Joe Biden and Democrats would not agree to reduce costs.
A new stimulation package of the American economy, which is preparing the administration of President Byyden, can lead the country to the Quasideophole, warned earlier Russian billionaire Oleg Deripaska. The businessman stressed that the US public debt confidently approaches 30 trillion dollars, and no one is preparing plans for its reduction.
Meanwhile, the International Monetary Fund (IMF) believes that the US economy after the completion of the crisis will take off even higher than expected in forecasts to a pandemic.