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In the United States, a countdown to a possible default has begun amid heated debate over the state of public debt.

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I am Ruby Schultz, a journalist and author with experience in the news industry. I have worked at several top-tier publications, such as The News Dept., where I primarily cover technology news. My work has been featured in prominent outlets like The New York Times and Wired Magazine. I am passionate about exploring new technologies and implementing them into my stories to ensure an engaging narrative that captures readers’ attention. I specialize in researching tech trends, conducting interviews with industry insiders, writing opinion pieces, editing copy for accuracy and clarity – all while staying abreast of the latest developments within this rapidly changing field. In addition to my journalistic pursuits, I also manage multiple successful blogs on topics such as robotics and artificial intelligence (AI).

The U.S. Treasury Secretary said that the United States will default before June 5 if the authorities do not take the necessary action. Janet Yellen In his letter to Congress. At the same time, the head of the Ministry of Finance had previously named the deadline for applications as June 1.

“Based on the most recent data available, we expect the Treasury to not have sufficient funds to issue government bonds on June 5,” the Treasury Department said in a letter.

The head of the Treasury Department demanded that Congress immediately resolve the national debt limit issue. The American television channel CNN has started a countdown to a possible default in the background of statements about the state of the US economy.

The International Monetary Fund has rated the United States’ public debt situation as “sustainable” and said it is still far from panic at the moment. At the same time, the IMF supported Yellen’s call to raise or suspend the national debt ceiling. Head of the IMF Kristalina Georgieva He said Congress should urgently start discussing the US 2024 budget.

Former Speaker of the House of Representatives Kevin McCarthy He said the United States could default in ten days due to the president’s inaction. Joe Bidena.

Source: Riafan

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