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Tag Archives: Congress

Yellen warns of cash catastrophe

Janet Yellen

Janet Yellen renewed, Monday, her call for Congress to raise or suspend the nation’s debt before October. The U. S. Treasury Secretary has warned that failure to do so may trigger an unprecedented financial crisis in the United States.“The U.S. has always paid its bills on time,” Yellen wrote in …

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US Senate Approves $3.5 Trillion Budget Resolution

Senate Democrats have taken their first step toward passing a $3.5 trillion spending plan as the Democratic Party pushes forward with a massive economic agenda. More than 14 hours later, the Democratic-controlled US Senate voted 50-49 to pass the budget resolution. A bill would be drafted by the committees, which …

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