Elon Musk says US default is a matter of time

 NEW YORK:  US businessman Elon Musk on Wednesday said the US is bound to default on its debt at some point. "Given Federal expenditure...


 NEW YORK:  US businessman Elon Musk on Wednesday said the US is bound to default on its debt at some point.

"Given Federal expenditures, it is a matter of when, not if, we default," he said on Twitter.

He was commenting on a White House video that lashed into Republicans for their refusal to approve a higher government debt ceiling.

The US administration has recently called on Congress to raise the ceiling that’s now set at $31.4 trillion. Republicans, who now control the House, are traditionally skeptical about allowing greater debt and are pushing for reducing government spending.

US Secretary of the Treasury Janet Yellen earlier said the agency will need to take "extraordinary measures" to prevent a default after the nation reached its debt ceiling. The official said the measures should allow to pay the bills until June.

US President Joe Biden signed a bill at a the end of 2021 to raise the debt ceiling by $2.5 trillion to $31.4 trillion, averting a potential default. Yellen said at the time that the bill prevented a shortage of funds for the federal government.


-News Feed

COMMENTS


*

Name

AROUND THE GLOBE,3125,business,74,BY READERS,478,FEATURE,289,GLOBE,16,KERALA,13,Movie,327,s,1,SPECIAL STORY,394,TAMILNADU,3,TOP STORY,3846,TRAVEL,8,
ltr
item
Local Glob: Elon Musk says US default is a matter of time
Elon Musk says US default is a matter of time
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTyt9DRqfKURJoUSBRbpN-9bZoycYg806xdReG8gyb7UmzZXBC7ZajCNXjjIEiiBCPwzCxlEsScIAJWoQQYQBuSbVH2IotT42b7b-m6NMuz95ZPVpP2Ffhgb9TPpakrdeyrYsEhaz-OITLhJVjlKRFgc1Qgb3J3tWPD8EjDPMIGsSDgT7hl3W8tlzPSQ/s320/Elon%20Musk.jpg
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTyt9DRqfKURJoUSBRbpN-9bZoycYg806xdReG8gyb7UmzZXBC7ZajCNXjjIEiiBCPwzCxlEsScIAJWoQQYQBuSbVH2IotT42b7b-m6NMuz95ZPVpP2Ffhgb9TPpakrdeyrYsEhaz-OITLhJVjlKRFgc1Qgb3J3tWPD8EjDPMIGsSDgT7hl3W8tlzPSQ/s72-c/Elon%20Musk.jpg
Local Glob
https://www.localglob.com/2023/04/elon-musk-says-us-default-is-matter-of.html
https://www.localglob.com/
http://www.localglob.com/
http://www.localglob.com/2023/04/elon-musk-says-us-default-is-matter-of.html
true
8255692317570297677
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy