Yellen Says Raise U.S. Debt Ceiling Now

The video discusses the potential economic consequences of not raising the US debt ceiling, as highlighted by Janet Yellen. It outlines the risks of default, including a financial crisis and market turmoil. The video also covers the political debate in Congress over raising the debt ceiling and the infrastructure bill. Despite the challenges, there is some optimism that a solution will be found before a technical default occurs, although market volatility remains a concern.

What could be a potential outcome if the US fails to raise the debt ceiling?

• A significant drop in employment rates

• A historic financial crisis

• An increase in foreign investments

• A rise in global oil prices

What is the main issue causing a deadlock in Congress regarding the debt ceiling?

• Disagreement over tax reforms

• The three and a half trillion dollar infrastructure bill

• Healthcare policy differences

• Immigration reform debates

What strategy have Democrats threatened to use to pass the infrastructure bill?

• A public referendum

• A Supreme Court ruling

• A presidential executive order

• A reconciliation bill

According to Goldman Sachs, how long could the Treasury continue paying bills without raising the debt ceiling?

• Until the end of the year

• Until early December

• Until late October or early November

• Until mid-September

What is a potential risk during the period before the debt ceiling issue is resolved?

• Increased government spending

• Higher employment rates

• Market volatility

• Stable interest rates