US Treasury asks Wall Street to pressure Republicans to allow debt ceiling increase

The Secretary of the Treasury of the United States, Janet Yellen, has sought support in recent days among those responsible for the main financial firms on Wall Street to pressure the congressmen of the Republican Party and not hinder the government’s attempts to increase the ceiling of Debt.

Yellen reportedly contacted JPMorgan Chase CEO Jamie Dimon; from Citigroup, Jane Fraser; from Wells Fargo, Charlie Scharf; and from Bank of America, Brian Moynihan; as well as with a senior executive from Goldman Sachs, reports the Bloomberg agency.

Yellen, who previously announced that the Treasury’s ability to meet its obligations could have an expiration date in October, would have asked the heads of these companies to speak out publicly about the convenience of this measure.

This attempt by the United States Government to carry out this measure occurs while waiting for the always divided United States Senate to debate a bill that suspends the debt ceiling for the next year and that has already obtained the approval of the House of Representatives, with a Democratic majority.

However, in case the Senate truncates the text sent by the House of Representatives, the Democrats would still have a legal procedure with which they would not need the endorsement of the Republicans.

Leave a Reply


Thunder, six consecutive wins; Raptors, five, and best NBA record

The winning march of the Oklahoma City Thunder and the Toronto Raptors stayed one more day in the NBA by getting six and five...

The rise of the ultra-right challenges the limits to freedom of expression

The rise of extreme right-wing movements in the country, with the recent episode of racist violence in Charlottesville (VA), has put the American Civil...

The musical by Pedro Navaja returns to the stage for the first time in 15 years

Miami, .- Pedro Navaja, the "thug corner" of the famous song of Ruben Blades, sings and dances in Miami with more than twenty other...

Protests call for U.S. immigrants to stay home from work, school

By Joseph Ax and Liza Feria | NEW YORK/WASHINGTON (Reuters) - Activists are calling on immigrants to protest President Donald Trump's tough stance on immigration...

Visa that opens the way to American citizenship changes eligibility requirements

The new regulation brings significant changes to the EB-5 Visa program. Since the presidency of Barack Obama, the US government has tried to change the...
%d bloggers like this: