Markets don't believe Yellen's warning that the US government will be out of money by June 1, Jim Bianco says
Investors don't believe Treasury Secretary Janet Yellen's warning that the US government could run out of money and be unable to pay its debts by June 1 if Congress doesn't resolve the borrowing-limit standoff, according to Wall Street analyst Jim Bianco.
The so-called X-date - when the Treasury will run out of cash - is further away than Yellen has suggested, according to the Bianco Research president, who referenced anYellen has repeatedly urged lawmakers to act on the borrowing limit - and warned that failing to raise the debt ceiling in time could result in a"The Treasury bill market is acting like something has changed, and traded this week as if the X-date will be later than June 1, according to Bianco.
"All signs point to more time than June 1. So, the market does not believe Yellen about this date. If this is still the date, she can no longer just say it. She has to show her homework," he said in a lengthy
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Key GOP panel member asks Yellen to show how she calculated debt limit 'X-date'EXCLUSIVE — Rep. John Rose (R-TN), a House Financial Services Committee member, is asking Treasury Secretary Janet Yellen to provide information about the methods and data the Treasury Department used to come to the June 1 debt ceiling deadline.
Les mer »
Philadelphia Eagles almost drafted Jim Brown but settled for Clarence Peaks | Mike SielskiDid you know the Eagles were one pick away from selecting Jim Brown in the 1957 NFL Draft? 'It’s one of the franchise’s greatest what-ifs,' writes MikeSielski.
Les mer »
Supervisor Jim Desmond details opposition to spending $157 million on four hotels to house homeless -SAN DIEGO (KUSI) – Tuesday, the San Diego County Supervisors voted 3-1 to authorize a memorandum of agreement between the County of San Diego and the San Diego Housing Commission, to purchase four hotels for a total of $157 million. Republican County Supervisor Jim Desmond was the lone ‘No’ vote, because he says the plan “follows the same failed policies...
Les mer »
Why Jim Schwartz wore a No. 51 jersey to Browns OTAsAs head coach Kevin Stefanski put it, like with most things Schwartz does, there’s a story behind the jersey choice.
Les mer »