China News Service, February 7 (Xinhua) according to US media reports, US Treasury Secretary Yellen warned again on the 6th that if the US House of Representatives fails to pass the US$31.4 trillion debt ceiling bill, the US government will face "economic and financial disaster." ".
The U.S. reached its legal debt ceiling last month, but congressional Republicans have been shelving talks to raise the ceiling to use as leverage in negotiating with the White House to change federal spending rules, CNBC reported.
Yellen's Treasury Department has taken several interim measures to help the government avoid default.
"Since 1789, the United States has paid all its bills on time. If it is not paid on time, it will cause economic and financial disaster." Yellen said in an interview with US media on the 6th, "and every responsible member of Congress must Agree to raise the debt ceiling."
Yellen said the House has been carrying out its mandate to raise the limit, although sometimes "waiting until the last moment."
The Speaker of the U.S. House of Representatives McCarthy has already held talks with President Biden on this issue, but no agreement has been reached.
According to another report, Brian Moynihan, CEO of Bank of America, the second largest bank in the United States, said on the 6th that the possibility of a US debt default exists and the bank is ready for this.
On the same day, he accepted an interview with CNN, saying that he hoped that lawmakers would solve their problems, because the market and the economy like stability. However, the possibility of a US debt default cannot be ignored. It will happen, but be prepared for it."