The warning from US Treasury Secretary Janet Yellen that the country could run out of funds to pay its bills by 1 June if the debt ceiling is not raised or suspended has sent ripples of concern through the financial markets. The possibility of a national debt default, which has happened four times before, is causing investors and analysts to closely monitor the situation. The previous defaults had a significant impact on the global economy, resulting in market volatility and
The warning from US Treasury Secretary Janet Yellen that the country could run out of funds to pay its bills by 1 June if the debt ceiling is not raised or suspended has sent ripples of concern through the financial markets. The possibility of a national debt default, which has happened four times before, is causing investors and analysts to closely monitor the situation. The previous defaults had a significant impact on the global economy, resulting in market volatility and