The US Treasury Secretary predicts a huge financial crisis: the risk of default is higher than ever in the country

The former head of the US Federal Reserve, current Treasury Secretary Janet Yellen, predicts a huge financial crisis for the country.

This has never happened in American history, but the reality is that the risk of default is now more real than ever, the head of the department believes.

The head of the United States financial department outlined her vision of the situation in an opinion column published on the pages of The Wall Street Journal.

If Congress does not act soon, government reserves will be depleted as early as next month.

This means that for the first time in history the United States will be on the verge of default.

In a matter of days, millions of Americans could find themselves without money. We will see delays in critical payments indefinitely. Almost 50 million older people may stop receiving pensions for some time, the FAN agency quotes the words of Mrs. Janet Yellen.

An increase in public debt can save a nation from economic disaster.

It should be noted here that more than 100 representatives of the Republican Party previously drafted and published an open letter.

The document warns of a decisive refusal to vote for another increase in the US debt ceiling.