US Treasury Secretary Janet Yellen has warned every day of the possibility of a national bankruptcy in her country.



She is because of the observation that it has been resolved each time with a default (default) crisis caused by the US-specific system of capping government debt, but this time may be different.



Yellen tweeted, "The United States has always paid off all its debts since 1789, and the perception that we are a nation that we can trust and rely on in that way has underpinned financial systems around the world." It will cause extensive damage."



Yellen's remarks came as the US federal government's total debt reached the statutory limit on the 19th.



The debt ceiling was set by Congress to limit the amount of money the US government can borrow, and the current debt ceiling is $31.4 trillion (approximately 3 trillion 8779 trillion won).



If Congress does not raise the debt ceiling, a default, or default, of the United States will occur.



Republicans, the majority in the House, are currently refusing to raise the debt ceiling, citing government spending cuts and other prerequisites.



The US Treasury Department entered into special measures on the 19th to avoid default, such as delaying new payments for federal civil servant retirement and disability pensions (CSRDF), but this only buys time until June, but it is analyzed that it is far from a fundamental solution.



In response, Secretary Yellen warns every day that the possibility of a US default could lead to a global financial crisis.



"This will undermine the dollar's role as a reserve currency," Yellen said yesterday.



He also sent a letter to the Senate and House leadership on the 13th, urging them to raise the debt ceiling.



According to Newsweek, the U.S. Congress raised the debt ceiling a total of 22 times from 1997 to 2022, and thanks to that, there has never been a default.



However, looking at the current conflict between the ruling and opposition parties in the United States, the prospects are not bright.



The White House is asking Congress to raise the debt ceiling without conditions such as government spending cuts, so the prospects for negotiations between the White House and Republicans are not bright.



The fact that the Republican House leadership's negotiating space is not large is also cited as a factor hindering negotiations, with Republican House Speaker Kevin McCarthy barely being elected Speaker after 15 votes, the most since 1859.



(Photo = Getty Image Korea)