US Treasury Secretary Janet Yellen said the agency’s mandate to take extraordinary measures to avoid default has expired. It has been reported ABC News.
“We have been implementing extraordinary measures for several months. Our ability to do that is coming to an end,” he said in response to a journalist’s related question.
It was previously reported that a group of 43 people attended the Senate of the Republic. refused agreed to raise the debt ceiling. According to senators, the presidential administration should make significant cuts in public spending and budget reforms.
Before that, it was known that the US administration. thinker option for a short-term increase in the national debt ceiling to avoid default and gain additional time to negotiate with the Republican opposition.