The US Treasury may have to break the law to keep the world’s richest nation from default

Yahoo!Finance/Nate DeiCamillo/ 5-23-2023

“If the Treasury paid some debts and not others, Yellen would run the risk of neglecting her duties, said [Bipartisan Policy Center’s Shai] Akabas. This could make both Yellen and her department targets for lawsuits from affected parties. Already, a union of government employees has filed a suit against Yellen and Biden, arguing that they have a legal obligation to ignore the debt ceiling.”

USAGOLD note: A bizarre twist to the already bizarre debt ceiling soap opera ……

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