Fed Chair: Important that the debt ceiling be raised to avoid default

Fed Chair: Important that the debt ceiling be raised to avoid default

1 00:00:00,150 –> 00:00:05,610 >> It’s just very important that that the debt ceiling be raised in a timely fashion so that the United States can 2 00:00:05,610 –> 00:00:11,890 pay its bills when it as they come due. That’s that’s a critically important thing. 3 00:00:11,890 –> 00:00:18,210 The failure to do that is is something that could result in severe 4 00:00:18,210 –> 00:00:24,210 reactions severe damage to the economy into the financial markets and it’s just not something that we could contemplate 5 00:00:24,210 –> 00:00:25,620 that we should contemplate. 6 00:00:25,650 –> 00:00:30,840 >> I think we can all agree that that the United States shouldn’t default on any of its obligations should pay them one 7 00:00:30,840 –> 00:00:36,210 and as do and that that no one should assume that that the 8 00:00:36,210 –> 00:00:41,760 Fed or anyone else can protect the markets or the economy in the event of a failure fully 9 00:00:41,760 –> 00:00:47,910 protect in the event of a failure to you know to make sure that we do pay those. That’s 10 00:00:47,910 –> 00:00:48,580 when that’s when they’re.


——————————-
[ source ]