Government Shutdown Avoided… But Another Fiscal Crisis Looms

“Breaching the debt ceiling will result in the U.S. government defaulting on debt payments. Treasury Secretary Janet Yellen stated that the government would run out of funds on October 18th. An economic crisis would certainly be born if the U.S. failed to meet its debt obligations for the first time in history. As it stands now, it is unknown if the ceiling will be raised or not.”

NationalTanner BaileyOctober 12, 2021Government Spending, Government Shutdown, Federal Spending, Washington DCComment