International Finance: Biden may have to act unilaterally to avoid default, says California Democrat

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 84%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

The US will not default on its debt but the Biden administration might be forced to take unilateral action to head off a crisis, Representative Ro Khanna, a California Democrat, offering several possible executive manoeuvres.

“The question is whether it’s going to come to unilateral action by the executive branch,” Khanna said during a meeting with Bloomberg News reporters and editors on Monday.

Treasury Secretary Janet Yellen has rejected the coin idea, expressing doubt that the Federal Reserve would accept such a note. Khanna would like to strategically cut the defence budget and levy taxes on the very rich – including the billionaires of his Silicon Valley district who, he said, continue to send him back to Congress.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 3. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama