Debt default fake news

The Media is reporting that: 1) Treasury Secretary Janet Yellen said the government has an “X-Date of June 1st where the government could become unable to pay bills on time—and a failure to pay holders of U.S. government debt could trigger a severe recession”; 2) “President Biden and Speaker McCarthy to meet Monday (5/22) in a last-ditch effort to avoid a default on sovereign debt”; 3) “without a…

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