Pestle
2021-06-24
Just another reason to print more money..
Yellen warns Congress of 'unthinkable' U.S. default risk without debt limit hike<blockquote>耶伦警告国会,如果不提高债务上限,美国将面临“不可想象”的违约风险</blockquote>
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It’s possible that we could reach that point while Congress is out in August, and I would really urge prompt action on raising the limit or suspending it,” Yellen said.</p><p><blockquote>“我们不能容忍任何政府债务违约的可能性,而且存在很多不确定性。我们有可能在8月份国会休会时达到这一点,我真的敦促立即采取行动提高限额或暂停它,”耶伦说。</blockquote></p><p> According to Senate and House of Representatives legislative calendars, the August recess will run from Aug. 9 to Sept. 10 in the Senatehereand July 30 to Sept. 19 in the Househere, with committee work scheduled on several days in early September.</p><p><blockquote>根据参议院和众议院的立法日历,参议院8月休会时间为8月9日至9月10日,众议院休会时间为7月30日至9月19日,委员会工作安排在9月初的几天。</blockquote></p><p> If the debt limit prevents Treasury from new borrowing, the government would have to rely only tax receipts to pay obligations, eventually making it impossible to make some debt repayments.</p><p><blockquote>如果债务限额阻止财政部新的借款,政府将不得不仅依靠税收收入来支付债务,最终导致无法偿还部分债务。</blockquote></p><p> SEEKING G20 ENDORSEMENT</p><p><blockquote>寻求G20认可</blockquote></p><p> Yellen told the hearing on the Treasury’s fiscal 2022 budget proposal that Biden administration is hoping to the G20 finance ministers’ endorsement for “the core elements” of its international corporate tax proposals at a meeting next month in Venice, including a global minimum corporate tax.</p><p><blockquote>耶伦在财政部2022财年预算提案听证会上表示,拜登政府希望G20财长在下个月于威尼斯举行的会议上批准其国际公司税提案的“核心要素”,包括全球最低公司税。</blockquote></p><p> She said the Treasury was working towards an agreement at the G20 meeting that is similar to the G7 wealthy democracies’ endorsement of the U.S. proposal for a 15% corporate minimum tax and a new method of local-market taxation for the largest and most profitable multinational corporations.</p><p><blockquote>她表示,财政部正在努力在G20会议上达成一项协议,该协议类似于七国集团富裕民主国家对美国提出的15%企业最低税以及对最大、最赚钱的跨国公司采用本地市场征税新方法的提议。</blockquote></p><p> Her comments on the G20 meeting followed a Reuters report on Tuesday that a draft communique being circulated ahead of the July 9-10 gathering indicated the finance leaders would endorse a global minimum tax, although it made no reference to a specific rate.</p><p><blockquote>在她对G20会议发表评论之前,路透社周二报道称,在7月9日至10日会议之前分发的一份公报草案表明,各国财长将支持全球最低税率,但没有提及具体税率。</blockquote></p><p> The Biden administration is seeking a global minimum tax of at least 15%.</p><p><blockquote>拜登政府正在寻求至少15%的全球最低税率。</blockquote></p><p> Yellen also sparred with Republican senators over inflation concerns, sticking to her line that recent spikes in inflation data reflect transitory phenomena, including “supply bottlenecks” in the economy.</p><p><blockquote>耶伦还就通胀担忧与共和党参议员发生争执,她坚持自己的立场,即近期通胀数据飙升反映了暂时性现象,包括经济中的“供应瓶颈”。</blockquote></p><p> She added that most measures of inflation expectations remained well anchored, with those exceeding a year out are stable, at around the Federal Reserve’s 2% target.</p><p><blockquote>她补充说,大多数通胀预期指标仍然稳定,超过一年的通胀预期指标稳定在美联储2%的目标附近。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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}\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYellen warns Congress of 'unthinkable' U.S. default risk without debt limit hike<blockquote>耶伦警告国会,如果不提高债务上限,美国将面临“不可想象”的违约风险</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-06-24 08:53</span>\n</p>\n</h4>\n</header>\n<article>\n<p>WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Wednesday warned Congress that the United States risks a debt default and a new financial crisis as soon as the August recess if lawmakers fail to act quickly to suspend or raise the federal borrowing limit.</p><p><blockquote>华盛顿(路透社)-美国。财政部长珍妮特·耶伦周三警告国会,如果议员们不能迅速采取行动暂停或提高联邦借贷上限,美国将面临债务违约和新一轮金融危机的风险。</blockquote></p><p> In testimony to a Senate Appropriations subcommittee, Yellen said defaulting on U.S. debt obligations would be “unthinkable” and “would have absolutely catastrophic economic consequences.”</p><p><blockquote>耶伦在参议院拨款小组委员会作证时表示,美国债务违约将是“不可想象的”,“将带来绝对灾难性的经济后果”。</blockquote></p><p> Yellen said that to avoid uncertainty for financial markets, Congress should pass new debt limit legislation - allowing the Treasury to continue borrowing - before the latest suspension expires on July 31.</p><p><blockquote>耶伦表示,为了避免金融市场的不确定性,国会应该在最新的暂停措施于7月31日到期之前通过新的债务限额立法——允许财政部继续借款。</blockquote></p><p> An unprecedented default on U.S. government debt obligations “would precipitate a financial crisis, it would threaten the jobs and savings of Americans at a time when we’re still recovering from the COVID pandemic,” Yellen said.</p><p><blockquote>耶伦表示,美国政府债务史无前例的违约“将引发金融危机,在我们仍在从新冠疫情中恢复之际,它将威胁到美国人的就业和储蓄”。</blockquote></p><p> “I would plead with Congress to simply protect the full faith and credit of the United States by acting to raise or suspend the debt limit as soon as possible.”</p><p><blockquote>“我恳求国会尽快采取行动提高或暂停债务上限,以保护美国的全部信心和信用。”</blockquote></p><p> The Treasury in the past has been able to stave off potential default for several months by employing extraordinary cash-flow management measures such as suspending contributions to government employee pension funds.</p><p><blockquote>过去,财政部通过采取非常现金流管理措施(例如暂停向政府雇员养老基金缴款),能够在几个月内避免潜在违约。</blockquote></p><p> Asked how long these measures could last to allow the government to continue borrowing, Yellen said it was difficult to estimate that because spending on COVID-19 relief programs has added more uncertainty to Treasury’s payment flows.</p><p><blockquote>当被问及这些措施可以持续多久以允许政府继续借款时,耶伦表示,很难估计,因为COVID-19救助计划的支出给财政部的支付流增加了更多的不确定性。</blockquote></p><p> “We can’t tolerate any chance of defaulting on the government debt, and there is a lot of uncertainty. It’s possible that we could reach that point while Congress is out in August, and I would really urge prompt action on raising the limit or suspending it,” Yellen said.</p><p><blockquote>“我们不能容忍任何政府债务违约的可能性,而且存在很多不确定性。我们有可能在8月份国会休会时达到这一点,我真的敦促立即采取行动提高限额或暂停它,”耶伦说。</blockquote></p><p> According to Senate and House of Representatives legislative calendars, the August recess will run from Aug. 9 to Sept. 10 in the Senatehereand July 30 to Sept. 19 in the Househere, with committee work scheduled on several days in early September.</p><p><blockquote>根据参议院和众议院的立法日历,参议院8月休会时间为8月9日至9月10日,众议院休会时间为7月30日至9月19日,委员会工作安排在9月初的几天。</blockquote></p><p> If the debt limit prevents Treasury from new borrowing, the government would have to rely only tax receipts to pay obligations, eventually making it impossible to make some debt repayments.</p><p><blockquote>如果债务限额阻止财政部新的借款,政府将不得不仅依靠税收收入来支付债务,最终导致无法偿还部分债务。</blockquote></p><p> SEEKING G20 ENDORSEMENT</p><p><blockquote>寻求G20认可</blockquote></p><p> Yellen told the hearing on the Treasury’s fiscal 2022 budget proposal that Biden administration is hoping to the G20 finance ministers’ endorsement for “the core elements” of its international corporate tax proposals at a meeting next month in Venice, including a global minimum corporate tax.</p><p><blockquote>耶伦在财政部2022财年预算提案听证会上表示,拜登政府希望G20财长在下个月于威尼斯举行的会议上批准其国际公司税提案的“核心要素”,包括全球最低公司税。</blockquote></p><p> She said the Treasury was working towards an agreement at the G20 meeting that is similar to the G7 wealthy democracies’ endorsement of the U.S. proposal for a 15% corporate minimum tax and a new method of local-market taxation for the largest and most profitable multinational corporations.</p><p><blockquote>她表示,财政部正在努力在G20会议上达成一项协议,该协议类似于七国集团富裕民主国家对美国提出的15%企业最低税以及对最大、最赚钱的跨国公司采用本地市场征税新方法的提议。</blockquote></p><p> Her comments on the G20 meeting followed a Reuters report on Tuesday that a draft communique being circulated ahead of the July 9-10 gathering indicated the finance leaders would endorse a global minimum tax, although it made no reference to a specific rate.</p><p><blockquote>在她对G20会议发表评论之前,路透社周二报道称,在7月9日至10日会议之前分发的一份公报草案表明,各国财长将支持全球最低税率,但没有提及具体税率。</blockquote></p><p> The Biden administration is seeking a global minimum tax of at least 15%.</p><p><blockquote>拜登政府正在寻求至少15%的全球最低税率。</blockquote></p><p> Yellen also sparred with Republican senators over inflation concerns, sticking to her line that recent spikes in inflation data reflect transitory phenomena, including “supply bottlenecks” in the economy.</p><p><blockquote>耶伦还就通胀担忧与共和党参议员发生争执,她坚持自己的立场,即近期通胀数据飙升反映了暂时性现象,包括经济中的“供应瓶颈”。</blockquote></p><p> She added that most measures of inflation expectations remained well anchored, with those exceeding a year out are stable, at around the Federal Reserve’s 2% target.</p><p><blockquote>她补充说,大多数通胀预期指标仍然稳定,超过一年的通胀预期指标稳定在美联储2%的目标附近。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.reuters.com/article/usa-treasury-yellen/update-2-yellen-warns-congress-of-unthinkable-u-s-default-risk-without-debt-limit-hike-idUSL2N2O52ES\">Reuters</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index"},"source_url":"https://www.reuters.com/article/usa-treasury-yellen/update-2-yellen-warns-congress-of-unthinkable-u-s-default-risk-without-debt-limit-hike-idUSL2N2O52ES","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186470605","content_text":"WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Wednesday warned Congress that the United States risks a debt default and a new financial crisis as soon as the August recess if lawmakers fail to act quickly to suspend or raise the federal borrowing limit.\nIn testimony to a Senate Appropriations subcommittee, Yellen said defaulting on U.S. debt obligations would be “unthinkable” and “would have absolutely catastrophic economic consequences.”\nYellen said that to avoid uncertainty for financial markets, Congress should pass new debt limit legislation - allowing the Treasury to continue borrowing - before the latest suspension expires on July 31.\nAn unprecedented default on U.S. government debt obligations “would precipitate a financial crisis, it would threaten the jobs and savings of Americans at a time when we’re still recovering from the COVID pandemic,” Yellen said.\n“I would plead with Congress to simply protect the full faith and credit of the United States by acting to raise or suspend the debt limit as soon as possible.”\nThe Treasury in the past has been able to stave off potential default for several months by employing extraordinary cash-flow management measures such as suspending contributions to government employee pension funds.\nAsked how long these measures could last to allow the government to continue borrowing, Yellen said it was difficult to estimate that because spending on COVID-19 relief programs has added more uncertainty to Treasury’s payment flows.\n“We can’t tolerate any chance of defaulting on the government debt, and there is a lot of uncertainty. It’s possible that we could reach that point while Congress is out in August, and I would really urge prompt action on raising the limit or suspending it,” Yellen said.\nAccording to Senate and House of Representatives legislative calendars, the August recess will run from Aug. 9 to Sept. 10 in the Senatehereand July 30 to Sept. 19 in the Househere, with committee work scheduled on several days in early September.\nIf the debt limit prevents Treasury from new borrowing, the government would have to rely only tax receipts to pay obligations, eventually making it impossible to make some debt repayments.\nSEEKING G20 ENDORSEMENT\nYellen told the hearing on the Treasury’s fiscal 2022 budget proposal that Biden administration is hoping to the G20 finance ministers’ endorsement for “the core elements” of its international corporate tax proposals at a meeting next month in Venice, including a global minimum corporate tax.\nShe said the Treasury was working towards an agreement at the G20 meeting that is similar to the G7 wealthy democracies’ endorsement of the U.S. proposal for a 15% corporate minimum tax and a new method of local-market taxation for the largest and most profitable multinational corporations.\nHer comments on the G20 meeting followed a Reuters report on Tuesday that a draft communique being circulated ahead of the July 9-10 gathering indicated the finance leaders would endorse a global minimum tax, although it made no reference to a specific rate.\nThe Biden administration is seeking a global minimum tax of at least 15%.\nYellen also sparred with Republican senators over inflation concerns, sticking to her line that recent spikes in inflation data reflect transitory phenomena, including “supply bottlenecks” in the economy.\nShe added that most measures of inflation expectations remained well anchored, with those exceeding a year out are stable, at around the Federal Reserve’s 2% target.","news_type":1,"symbols_score_info":{".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":519,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["JE"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":35,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/128356179"}
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