1 days ago
Treasury Secretary Janet Yellen is urging Congress to act as the debt ceiling deadline approaches. In a letter to Speaker of the House Mike Johnson, Yellen says the government will likely reach its debt limit sometime in January, largely because of obligations related to Medicare payments – forcing the government to take “extraordinary measures” to pay its bills. The Treasury has previously used the term “extraordinary measures” to refer to suspending investments in certain entitlement programs, pausing sales of Government Series treasury securities and other accounting maneuvers to keep the government running. Says Yellen, “Treasury currently expects to reach the new limit between January 14 and January 23 at which time it will be necessary for Treasury to start taking extraordinary measures. I respectfully urge Congress to act to protect the full faith and credit of the United States ” At time of writing, the US national debt is currently at $36.28 trillion. The government spent nearly $1 trillion simply to service the interest on the debt in fiscal year 2024, which ended last year on September 30th, according to the Congressional Budget Office (CBO). In a recent interview at the Wall Street Journal’s CEO Council Summit, Yellen expressed regret about not being able to improve the US fiscal situation. “I am concerned about fiscal sustainability, and I am sorry that we haven’t made more progress. I believe that the deficit needs to be brought down, especially now that we’re in an environment of higher interest rates. For example, over the last year the interest cost of the debt has increased by several hundred billion. It’s one of the largest items responsible for the increase in the budget deficit. And we do need to bring it down. The primary deficit excluding interest is now a little over 3% and I believe it needs to come down.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Janet Yellen Warns ‘Extraordinary Measures’ Incoming As $36,288,567,567,400 National Debt Approaches Ceiling appeared first on The Daily Hodl .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Raoul Pal Predicts Sui’s Meteoric Rise in the Crypto Market
Raoul Pal predicts a strong rise for Sui after breaking key resistance. Pal expresses optimism about both Sui and Solana`s market potential. Continue Reading: Raoul Pal Predicts Sui’s Meteoric Rise in the Crypto Market The post Raoul Pal Predicts Sui’s Meteoric Rise in the Crypto Market appeared first on COINTURK NEWS . The Daily Hodl
Pepe Eats SUI (PEPESUI) Solana Memecoin to Explode 17,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag
Pepe Eats SUI could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Pepe Eats SUI (PEPESUI), a new Solana memecoin that was launched today, is set to explode over 17,000% in price in the coming days. This is because PEPESUI is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Pepe Eats SUI can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Pepe Eats SUI could become the next viral memecoin. Pepe Eats SUI launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Pepe Eats SUI on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Eats SUI by entering its contract address – 2bHEDqPL1Y163dismYu4Ft3UT6Dbet9YwjHggGPoVje7 – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPESUI. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. The Daily Hodl
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