Default and economic catastrophe: the US Treasury announced a forecast for the development of the situation in the country

US Treasury Secretary Janet Yellen said that failure to raise the debt ceiling could result in a default and economic disaster for the country.

The head of the financial department made this statement against the backdrop of the authorities’ decision to freeze the increase in public debt until July 31.

Let us note that the Republicans’ plans do not include support for increasing the national debt.

However, the minister appealed to the US Congress with a request to take appropriate measures.

Otherwise, the agency will be forced to take extreme measures to save the United States from default and other economic troubles.

Meanwhile, the US Federal Reserve forecasts a slowdown in inflation and a return to 2%.

At the same time, no one doubts that the government debt ceiling will be raised again, and default will be avoided.

Meanwhile, experts say the US economy can afford to live on debt thanks to high confidence in it. No one can guess when this will end.

Therefore, there is no point in talking about default in the foreseeable future.