A congressional watchdog had repeatedly cautioned lawmakers about the nation’s spending and debt levels. Recently, Fitch Ratings, a major credit rating agency, downgraded the United States government’s credit rating from AAA to…
Tag: Janet yellen
Biden And McCarthy Finally Meet But No Agreement On Debt Ceiling
Despite a crucial White House meeting, President Biden and House Speaker McCarthy failed to raise the debt ceiling. However, they plan to continue discussions to prevent a historic default as the United States races toward the approaching deadline of failing to be able to meet its financial obligations.
Treasury Secretary Tour A Slap in the Face to Struggling Americans
Yellen’s speech took place Thursday at a Ford Motor Co. plant in Dearborn, Mich., where electric cars are manufactured. The economy is slowing down because the Federal Reserve is raising interest rates to fight the highest inflation in four decades.
