Deadline Makin Sempit, As Terancam Gagal Bayar Utang | Idx Channel

Welcome back to our power breakfast, and in this segment, let's discuss what's going on. The US Secretary of the Treasury, John Kialand, has once again warned about the dire consequences of failing to raise the US debt ceiling. Without a deal, the United States will run out of money by early June, and the federal government will be unable to pay welfare benefits and other payments.

The Terrifying Consequences of Not Raising the Debt Ceiling

According to Yellen, the failure to raise the US debt ceiling could have devastating consequences. It is crucial that an agreement is reached before the United States runs out of money. Negotiations on the debt ceiling should not be conducted under pressure, as stated by Yellen. Time is running out for a deal, and the President of the United States has met with Republican leaders to request their approval for raising the debt limit from the current $31.4 trillion.

The Battle for Raising the Debt Ceiling

The House of Representatives has passed a bill to raise the debt ceiling, which currently stands at approximately 120% of the country's annual economic output. However, the bill includes spending cuts over the next decade. Meanwhile, the Treasury Secretary wants Congress to agree to raise the debt ceiling without conditions. She refuses to negotiate on the increase and will address budget cuts after the issue is resolved.

The History of Raising the US Debt Ceiling

The US debt ceiling has been raised, extended, or revised 78 times since 1960. Ultimately, the threat of government default, including debt obligations, has always led to compromise. It is essential for Congress to come together and find a solution to avoid the potentially catastrophic consequences of failing to raise the debt ceiling.

In conclusion, the United States is facing a critical deadline to raise the debt ceiling. Failure to do so could have severe implications for the country's financial stability and its ability to meet its obligations. It is crucial for negotiations to take place without undue pressure, and for Congress to find a solution that ensures the government can continue to function effectively. Let's hope that our leaders can come together and make the necessary decisions to secure the economic future of the United States.

Remember, the power lies in our hands to shape a brighter future. Let's work together to overcome these challenges and build a stronger, more resilient nation.

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