{"id":113836,"date":"2021-05-07T17:44:38","date_gmt":"2021-05-07T17:44:38","guid":{"rendered":"https:\/\/fin2me.com\/?p=113836"},"modified":"2021-05-07T17:44:38","modified_gmt":"2021-05-07T17:44:38","slug":"yellen-says-u-s-debt-ceiling-could-pinch-in-summer","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/yellen-says-u-s-debt-ceiling-could-pinch-in-summer\/","title":{"rendered":"Yellen says U.S. debt ceiling could pinch in summer"},"content":{"rendered":"<figcaption>U.S. Treasury Secretary\u00a0Janet Yellen speaks as she joins White House Press Secretary Jen Psaki for the daily press briefing at the White House in Washington, U.S. May 7, 2021.  REUTERS\/Jonathan Ernst<\/figcaption><p>WASHINGTON (Reuters) &#8211; U.S. Treasury Secretary Janet Yellen said on Friday the nation could exhaust its ability to borrow this summer even if Treasury takes \u201cextraordinary actions\u201d to buy more time when the nation\u2019s debt ceiling comes back into effect at the end of July.<\/p>\n<p>Yellen told reporters at the White House that while the Treasury could extend its ability to borrow by employing special measures if Congress did not act to raise the debt ceiling, those steps might buy only a \u201cvery limited\u201d amount of time.<\/p>\n<p>\u201cIt is exceptionally challenging this time to try to figure out just how long those (extraordinary) measures are going to last in part because of higher and more volatile spending and revenue numbers associated with the state of the economy and the pandemic,\u201d she said.<\/p>\n<p>\u201cWe are concerned that there are scenarios that give (a) very limited amount of additional time to use extraordinary measures,\u201d Yellen added. \u201cThere are scenarios in which some time during the summer\u201d room would run out even after special measures were employed, she said.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/usa-economy-white-house-debt\/yellen-says-u-s-debt-ceiling-could-pinch-in-summer-idUSL1N2MU1WC\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Treasury Secretary\u00a0Janet Yellen speaks as she joins White House Press Secretary Jen Psaki for the daily press briefing at the White House in Washington, [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":113835,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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