Debt ceiling drama, DeSantis slams Trump, sharks everywhere
Laura Coates Live
00:00
The Politics of Debt CeilingDefaults
Yellen: We will make more than $130 billion of scheduled payments in the first two days of June, including payments to veterans and Social Security and Medicare recipients. These payments will leave Treasury with an extremely low level of resources. If we were to default, then folks don't want to lend to us how much? I don't know. Maybe they'd raise the interest rate by 1%. We owe $31 trillion. There are 300 million Americans. That's $1,000 each, that we'd each be paying in extra interest every year if we default.
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