US could hit debt limit by June 1, Janet Yellen warns

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Treasury Secretary Janet Yellen warns that the United State could run out of money to pay its bills by June 1 if the debt ceiling isn’t raised. This comes as there are new concerns over the nation’s banks following Monday’s sale of First Republic Bank to JPMorgan Chase. NBC’s Peter Alexander reports for TODAY.

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#economy #money #debt
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There is absolutely no reason that this country should have ever gone this far in debt! This was done on purpose!

BST-lmpo
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If you keep moving the debt limit then there’s no reason to have a damned debt limit.

Coldkill
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Can we get someone that isn't in a nursing home to confirm this.

thepitpatrol
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This wouldn’t be an issue if those in charge of managing our taxes did their job!

gailcarey
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Imagine if I maxed out all my credit cards and asked them to raise my limit 😅

dhop
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Just give our money away and let's go to 100 trillion in debt. Shouldn't be a problem.

gregoryquint
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We have to stop funding other countries and protecting other countries instead of funding and protecting ours.

denisalvarado
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I am watching my country implode all around me and there's nothing I can personally do to stop it.

ianbattles
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Terrible thing about this, we all knew it was coming. who will bail out the Ameican people.

CedTheMechanic
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I remember that time I went to my boss and told him my spending was exceeding my debt limit(s), and he gave me a massive raise to compensate. OH WAIT. That never happened. I have to be responsible with my spending.

chrisvanderwielen
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Maybe we shouldn’t been sending a lot of money to Ukraine

kennethtrujillo
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When president Trump told us about Democrats, he wasn't wrong at all.

maycollier
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“Voting to raise the debt ceiling is unpatriotic.” - Senator Obama (2008)

garycombs
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50 years ago, this rarely happened. Now it’s a regular occurrence.
Our government is a laughing stock…but we are the fools paying the bills. 😢

guitarcomet
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There is no limit… it’s just how long they can stop the economy from crashing by changing inflation rates. It’ll catch up eventually but the ceiling has been raised multiple times😊

workingman
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“Banks are safe and sound..”

Famous last words 😂

dougmydek
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This is exactly why we need a competent president 🙄

Cristina_
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The dollar is literally in question, and these people still think it's a game.

sugadagud
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When a teenager maxes out their credit card, do you think the parent's first thought is to get her another one? No, it's to tell the kid to get a job and pay off the debt.
Same concept. The solution to debt isn't MORE debt.

AlaskanGhost
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How does America have a A1 credit rating with 32 trillion in debt, and NO plan to pay it off?

mikeholmed