Inflation, debt ceiling addressed as Yellen, Powell testify before Senate

Annie Andersen: THE CLOCK TO DECEMBER 3 IS TICKING… THAT’S WHEN THE TEMPORARY SUSPENSION OF THE DEBT CEILING ENDS. 

TESTIFYING BEFORE THE SENATE BANKING COMMITTEE TREASURY SECRETARY JANET YELLEN 

REITERATED THE IMPORTANCE OF CONGRESS DEALING WITH THE DEBT CEILING. 

Janet Yellen: ”I cannot overstate how critical it is that Congress address this issue. America must pay its bills on time and in full. If we do not, we will eviscerate our current recovery.”

Annie Andersen: CONGRESS PUT THE ISSUE ON HOLD IN OCTOBER. 

NOW IT’S BACK ON THE TABLE  AND CONGRESS ISN’T ANYWHERE NEAR AN AGREEMENT ON HOW TO PROCEED. 

MAJORITY LEADER CHUCK SCHUMER HAS SAID HE WANTS A BIPARTISAN AGREEMENT.

Sen. Chuck Schumer: “We must pass the debt debt limit we cannot let the full faith and security of his full faith and credit of this country uh a lapse and we hope to do it in a bipartisan way.”

Annie Andersen: HOWEVER REPUBLICANS WANT DEMOCRATS TO DO IT ON THEIR OWN THROUGH RECONCILIATION… 

SENATOR LINDSEY GRAHAM TWEETING: “IT’S IMPERATIVE THAT SENATE REPUBLICANS DO NOT AID AND ABET THE RAISING OF THE DEBT CEILING”

YELLEN HAS GIVEN DECEMBER 15 AS THE DAY WHEN THE COUNTRY COULD RUN OUT OF MONEY TO PAY ITS BILLS. 

WANT TO KNOW MORE ABOUT THE DEBT CEILING?

CHECK OUT MY PIECE ON IT, JUST HEAD TO OUR WEBSITE AND SEARCH FOR AMERICA? A DEADBEAT. 

STRAIGHT FROM DC, I’M ANNIE ANDERSEN