Earlier this month, the US Treasury Secretary insisted that her country might run out of options to pay its debt obligations already on June 1 if congressional lawmakers fail to act and raise the country’s debt ceiling.
US Treasury Secretary Janet Yellen said on Sunday that her department was running out of the ability to take extraordinary measures to avoid default, with the United States expected to hit the debt ceiling on June 1.
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Federal Reserve policymakers finally acknowledge the increasing risk of more persistent inflation in months ahead and thus the word transitory has been eliminated from the inflation forecasts.
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