Crypto Crash Imminent? US Risks Running Out Of Cash
Also Read: FOMC, ECB: Bitcoin To Face Tough Week Ahead; Here’s Why advertisement US Running Out Of Cash? As per reports, Janet Yellen in a letter warned the congressional leader about the growing concerns of a nearing debt ceiling crisis. She mentioned that after evaluating recent federal Tax receipts, calculated estimates suggest that the authority will be unable to continue the government’s obligations. The expected date is stated as June 1, 2023. However, she asked the lawmakers to raise the debt limit before the expected deadline. The June 1 date is slightly earlier than what experts suggested. As per reports, Goldman Sachs’ recent estimate hinted the deadline is somewhere around late July. The legal limit on federal borrowing has become an unending issue in the DC. Reports suggest that a clash between Republicans and the Biden administration has signaled that the government is heading toward default. Read More Crypto Crash News Here...