Yellen Warns Congress U.S. Could Default Sometime in October.

#dollar #treasury #debtceiling #Congress #economy #creditrating #stockmarket #gold #silver #liquidity #bondmarket

Today we will look at a letter sent by U.S. Treasury Secretary Janet Yellen to House Speaker Pelosi and other congressional leaders warning them that the U.S. would default unless the debt ceiling impasse is solved in the next month.

We will also look briefly back at 2011 when the U.S. came close to defaulting during another debt-ceiling crisis.

Secretary of the Treasury Janet L. Yellen Sends Letter to Congressional Leadership on the Debt Limit: https://home.treasury.gov/news/press-releases/jy0345

United States debt-ceiling crisis of 2011: https://en.wikipedia.org/wiki/United_States_debt-ceiling_crisis_of_2011

United States federal government credit-rating downgrades: https://en.wikipedia.org/wiki/United_States_federal_government_credit-rating_downgrades

Interview with William Silber: https://youtu.be/HRK-L6uh9Kw

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