Government Default in 2025? Janet Yellen’s Debt Warning to Congress

"the treasury Department expects the Extraordinary Measures would have to be employed sometime between January 14th and January 23rd in 20125 to avoid a potential national debt default"

"a national debt default would quote precipitate another financial crisis and threaten the jobs and savings of everyday Americans"

"we're going to see a lot of economic changes in 2025"

"the government spending is quote unsustainable because our national debt levels are growing so much faster than our economy"

"if we don't manage our debt better we could be facing a potential default because of all these issues with the debt ceiling"

"the Federal Reserve Bank says they're going to cut interest rates probably two times in 2025"

"the concern here is if we keep ballooning our national debt could we ever hit a Tipping Point where we have too much national debt"

"I think that we can because we've seen it happen in the past now I'm not saying that's going to happen in 2025 but the concern is if we don't take action that we could default on our debts"

"I personally don't think that a default is very likely why because there's a lot of things at risk with a potential default and that would create a lot of uncertainty that will create a lot of panic that will create a lot of fear so you bet the government regardless of who's in the White House and the Federal Reserve Bank will do everything in their power to try to avoid a default"

"this could create more uncertainty in 2025 it'll create more emotion and you bet that people will be creating a lot of headlines around this"