HomeNationalDebt ceiling downside “Economic and financial catastrophe” US Treasury Secretary | NHK

Debt ceiling downside “Economic and financial catastrophe” US Treasury Secretary | NHK

Debt ceiling downside “Economic and financial catastrophe” US Treasury Secretary | NHK

Finance Minister Yellen, who’s visiting Niigata City, held a press convention on the eleventh to attend the G7 = Finance Ministers and Central Bank Governors Meeting of the seven main nations. Treasury Secretary Yellen commented on issues over the U.S. debt ceiling, saying, “If we default on our money owed, will probably be an financial and monetary disaster. It may even lower and develop into a spark of a world financial recession.” He also warned that he “dangers undermining America as a world financial chief.” In the United States, the federal government points authorities bonds and others to guard fiscal self-discipline, and the Congress has set the higher restrict of borrowing upfront, however the higher restrict has already been reached, and Treasury Secretary Yellen will default on June 1st. I make it clear that there’s a risk.

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