Yellen Refutes Printing 1 Trillion to Save the U. S, Debt Ceiling a Tool to Scare Investors

In an oped, Nobel Laureate Paul Krugman mentioned that the current 31 trillion debt scare in the U. S. is not scary at all. He stressed that the debt ceiling or the subject of default should not become a tool to scare investors. U. S. Treasury Secretary Janet Yellen also refuted political speculation, denying that a large amount of money will be printed 1 trillion dollars to save the country. Yellen said the only solution to avoid a U. S. default crisis is for Congress to raise the federal debt ceiling and avoid other proposed stopgap measures, including shortterm extensions or spending cuts. She also dismissed political hype, including the argument that the Treasury should be prepared to take technical measures to minimize the impact of a default or resort to gimmicks like printing a massive 1 trillion in money. TOP 3 Video Swiss Sells 36. 4 billion U. S. Treasuries Africa Rejects US Blank Check youtu.