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2021-11-07

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2021-11-03

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2021-11-01

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Treasury Secretary Yellen expresses openness to defusing debt ceiling without GOP votes

2021-10-09

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2021-09-30

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[Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/849569683","repostId":"1133521632","repostType":4,"repost":{"id":"1133521632","kind":"news","pubTimestamp":1635767076,"share":"https://ttm.financial/m/news/1133521632?lang=&edition=full","pubTime":"2021-11-01 19:44","market":"us","language":"en","title":"Treasury Secretary Yellen expresses openness to defusing debt ceiling without GOP votes","url":"https://stock-news.laohu8.com/highlight/detail?id=1133521632","media":"The Washington Post","summary":"After some party leaders ruled out approach last month, Yellen says Democrats-only budget process co","content":"<p>After some party leaders ruled out approach last month, Yellen says Democrats-only budget process could prove ‘viable’ way to tackle debt limit</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d4f9763953ba4800b1c491f4cf6335f8\" tg-width=\"767\" tg-height=\"511\" width=\"100%\" height=\"auto\"><span>US Secretary of the Treasury Janet Yellen at the plenary session at the G-20 Summit in Rome on Saturday. (Riccardo Antimiani/EPA-EFE/REX/Shutterstock)</span></p>\n<p></p>\n<p>SOMEWHERE OVER THE ALPS — Treasury Secretary Janet Yellen on Sunday said Democrats should be willing to approve a fix to the nation’s debt ceiling without GOP support if necessary, an approach senior Democrats ruled out during a recent standoff over the issue.</p>\n<p>In an interview aboard a government airplane between Rome and Dublin, Yellen castigated Republicans for refusing to help raise the debt limit but acknowledged Democrats may be able to address the issue without GOP support through the Senate budget procedure known as reconciliation.</p>\n<p></p>\n<p></p>\n<p>Senior Democratic leaders were adamant that the debt ceiling be resolved on a bipartisan basis last month. Senate Republicans have uniformly insisted that Democrats should alone be responsible for raising the nation’s debt limit. Congress probably will face a deadline of Dec. 3 to act, though the exact date is uncertain.</p>\n<p>The stalemate brought the U.S.&nbsp;within weeks of a potentially catastrophic default last month, forcing Treasury to deploy “emergency measures” to prevent funds from running out.</p>\n<p>“Should it be done on a bipartisan basis? Absolutely. Now, if they’re not going to cooperate, I don’t want to play chicken and end up not raising the debt ceiling. I think that’s the worst possible outcome,” Yellen told The Washington Post. “If Democrats have to do it by themselves, that’s better than defaulting on the debt to teach the Republicans a lesson.”</p>\n<p>While condemning the Republican approach as “completely irresponsible,” Yellen also expressed openness to Democrats using the part of the reconciliation procedure called “Section 304” to resolve the debt ceiling impasse to circumvent the filibuster. Senate Democrats on the budget committee previously ruled out that approach.</p>\n<p>The debt ceiling sets the maximum amount that the U.S. can borrow under the law. But Congress has also approved spending laws requiring the federal government to run a national debt in excess of this limit. Economists say that breaching the debt ceiling and failing to pay the U.S. government’s outstanding debts — an unprecedented event — would rattle world markets and could plunge the U.S. into an economic recession.</p>\n<p>“To me, as the person who has to pay the bills and watches this on a daily basis — our funds dwindling in our account over time — I very much want to make sure that this is addressed. And this Section 304 procedure is one way in which that could occur,” Yellen told The Washington Post. “I don’t want to take 304 off the table, because it looks to me like a viable route to do it.”</p>\n<p>Yellen added: “We are in a very unfortunate position in which the Republicans have simply insisted they are not going to cooperate, and there may be other ways to do it.”</p>\n<p>With only weeks to resolve the debt ceiling impasse, Senate Majority Leader Charles E. Schumer (D-N.Y.) said in early October that “this body cannot and will not” use the budget reconciliation process to deal with the issue. Democrats argued there was insufficient time to go through the reconciliation process because it would allow Republicans to delay the effort through procedural objections. Congress may have more time to try to use the procedure now.</p>\n<p>President Biden refused to entertain the possibility of Senate Minority Leader Mitch McConnell (R-Ky.) not providing the votes necessary to raise the debt ceiling. Asked in October whether he could guarantee the debt ceiling would be resolved, Biden said: “No, I can’t. That’s up to Mitch McConnell.”</p>\n<p>When asked about raising the debt limit through reconciliation, Biden said: “I’m not going to cross that bridge until we have to get there.”</p>\n<p>Warren Gunnels, an aide to Senate Budget Chair Bernie Sanders (I-Vt.), told The Washington Post in early October: “We’re not doing the debt ceiling through reconciliation. Period. End of discussion.”</p>\n<p>The debt ceiling issue is particularly sensitive for Yellen, given the Treasury’s responsibility for managing the federal government’s finances. Yellen’s former position as chairwoman of the Federal Reserve also give her insight into the potential consequences of a default.</p>\n<p>In early October, Yellen&nbsp;endorsed abolishing&nbsp;the debt ceiling altogether — a position not yet taken by the White House or Biden.</p>\n<p>“It is my view — it’s not the White House view; it’s not the president’s view; they haven’t weighed in on this — but I personally feel we should not have a debt ceiling,” Yellen said in Sunday’s interview.</p>\n<p>Yellen&nbsp;has also been told by two of her predecessors&nbsp;that a bipartisan approach to the debt ceiling is not possible. Two former GOP treasury secretaries — Hank Paulson and Steven Mnuchin — previously communicated to Yellen in private that McConnell was not bluffing in his refusal to help Democrats raise the debt ceiling. The rest of the Senate Republican caucus has supported McConnell’s approach.</p>\n<p>Some nonpartisan estimates have found the debt ceiling may not have to be raised until February.</p>\n<p>Yellen expressed openness to multiple ways to resolve the debt ceiling impasse. One option she acknowledged was under discussion included changing the debt limit so it automatically resets to whatever level of debt Congress has de facto authorized through new legislation.</p>\n<p>“I have not particularly advocated any particular way of doing it. That’s one form I have heard discussed,” Yellen said.</p>\n<p>Yellen has rejected some liberals’ arguments that the administration can resolve the debt ceiling impasse unilaterally. White House officials&nbsp;have gone as far as privately exploring&nbsp;in memos some of these ideas, including a heterodox plan to mint a $1 trillion coin that Yellen has panned. The administration said last month that those ideas are not actively under consideration.</p>\n<p>Yellen traveled Sunday from the “Group of 20” summit in Rome to Dublin to discuss the new global tax accord she was instrumental in approving. She will later head to Glasgow, Scotland, for an international climate summit.</p>\n<p></p>","source":"lsy1602754136468","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Treasury Secretary Yellen expresses openness to defusing debt ceiling without GOP votes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nTreasury Secretary Yellen expresses openness to defusing debt ceiling without GOP votes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-01 19:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.washingtonpost.com/us-policy/2021/11/01/yellen-debt-ceiling-biden/><strong>The Washington Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After some party leaders ruled out approach last month, Yellen says Democrats-only budget process could prove ‘viable’ way to tackle debt limit\nUS Secretary of the Treasury Janet Yellen at the plenary...</p>\n\n<a href=\"https://www.washingtonpost.com/us-policy/2021/11/01/yellen-debt-ceiling-biden/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.washingtonpost.com/us-policy/2021/11/01/yellen-debt-ceiling-biden/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133521632","content_text":"After some party leaders ruled out approach last month, Yellen says Democrats-only budget process could prove ‘viable’ way to tackle debt limit\nUS Secretary of the Treasury Janet Yellen at the plenary session at the G-20 Summit in Rome on Saturday. (Riccardo Antimiani/EPA-EFE/REX/Shutterstock)\n\nSOMEWHERE OVER THE ALPS — Treasury Secretary Janet Yellen on Sunday said Democrats should be willing to approve a fix to the nation’s debt ceiling without GOP support if necessary, an approach senior Democrats ruled out during a recent standoff over the issue.\nIn an interview aboard a government airplane between Rome and Dublin, Yellen castigated Republicans for refusing to help raise the debt limit but acknowledged Democrats may be able to address the issue without GOP support through the Senate budget procedure known as reconciliation.\n\n\nSenior Democratic leaders were adamant that the debt ceiling be resolved on a bipartisan basis last month. Senate Republicans have uniformly insisted that Democrats should alone be responsible for raising the nation’s debt limit. Congress probably will face a deadline of Dec. 3 to act, though the exact date is uncertain.\nThe stalemate brought the U.S. within weeks of a potentially catastrophic default last month, forcing Treasury to deploy “emergency measures” to prevent funds from running out.\n“Should it be done on a bipartisan basis? Absolutely. Now, if they’re not going to cooperate, I don’t want to play chicken and end up not raising the debt ceiling. I think that’s the worst possible outcome,” Yellen told The Washington Post. “If Democrats have to do it by themselves, that’s better than defaulting on the debt to teach the Republicans a lesson.”\nWhile condemning the Republican approach as “completely irresponsible,” Yellen also expressed openness to Democrats using the part of the reconciliation procedure called “Section 304” to resolve the debt ceiling impasse to circumvent the filibuster. Senate Democrats on the budget committee previously ruled out that approach.\nThe debt ceiling sets the maximum amount that the U.S. can borrow under the law. But Congress has also approved spending laws requiring the federal government to run a national debt in excess of this limit. Economists say that breaching the debt ceiling and failing to pay the U.S. government’s outstanding debts — an unprecedented event — would rattle world markets and could plunge the U.S. into an economic recession.\n“To me, as the person who has to pay the bills and watches this on a daily basis — our funds dwindling in our account over time — I very much want to make sure that this is addressed. And this Section 304 procedure is one way in which that could occur,” Yellen told The Washington Post. “I don’t want to take 304 off the table, because it looks to me like a viable route to do it.”\nYellen added: “We are in a very unfortunate position in which the Republicans have simply insisted they are not going to cooperate, and there may be other ways to do it.”\nWith only weeks to resolve the debt ceiling impasse, Senate Majority Leader Charles E. Schumer (D-N.Y.) said in early October that “this body cannot and will not” use the budget reconciliation process to deal with the issue. Democrats argued there was insufficient time to go through the reconciliation process because it would allow Republicans to delay the effort through procedural objections. Congress may have more time to try to use the procedure now.\nPresident Biden refused to entertain the possibility of Senate Minority Leader Mitch McConnell (R-Ky.) not providing the votes necessary to raise the debt ceiling. Asked in October whether he could guarantee the debt ceiling would be resolved, Biden said: “No, I can’t. That’s up to Mitch McConnell.”\nWhen asked about raising the debt limit through reconciliation, Biden said: “I’m not going to cross that bridge until we have to get there.”\nWarren Gunnels, an aide to Senate Budget Chair Bernie Sanders (I-Vt.), told The Washington Post in early October: “We’re not doing the debt ceiling through reconciliation. Period. End of discussion.”\nThe debt ceiling issue is particularly sensitive for Yellen, given the Treasury’s responsibility for managing the federal government’s finances. Yellen’s former position as chairwoman of the Federal Reserve also give her insight into the potential consequences of a default.\nIn early October, Yellen endorsed abolishing the debt ceiling altogether — a position not yet taken by the White House or Biden.\n“It is my view — it’s not the White House view; it’s not the president’s view; they haven’t weighed in on this — but I personally feel we should not have a debt ceiling,” Yellen said in Sunday’s interview.\nYellen has also been told by two of her predecessors that a bipartisan approach to the debt ceiling is not possible. Two former GOP treasury secretaries — Hank Paulson and Steven Mnuchin — previously communicated to Yellen in private that McConnell was not bluffing in his refusal to help Democrats raise the debt ceiling. The rest of the Senate Republican caucus has supported McConnell’s approach.\nSome nonpartisan estimates have found the debt ceiling may not have to be raised until February.\nYellen expressed openness to multiple ways to resolve the debt ceiling impasse. One option she acknowledged was under discussion included changing the debt limit so it automatically resets to whatever level of debt Congress has de facto authorized through new legislation.\n“I have not particularly advocated any particular way of doing it. That’s one form I have heard discussed,” Yellen said.\nYellen has rejected some liberals’ arguments that the administration can resolve the debt ceiling impasse unilaterally. White House officials have gone as far as privately exploring in memos some of these ideas, including a heterodox plan to mint a $1 trillion coin that Yellen has panned. The administration said last month that those ideas are not actively under consideration.\nYellen traveled Sunday from the “Group of 20” summit in Rome to Dublin to discuss the new global tax accord she was instrumental in approving. She will later head to Glasgow, Scotland, for an international climate summit.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":821782119,"gmtCreate":1633791191160,"gmtModify":1633791191273,"author":{"id":"3584417014115924","authorId":"3584417014115924","name":"clawwdeer","avatar":"https://static.tigerbbs.com/6d7f707ecf665bf366feb3efdae32bd3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584417014115924","idStr":"3584417014115924"},"themes":[],"htmlText":"[Strong]&nbsp;[Strong]&nbsp;","listText":"[Strong]&nbsp;[Strong]&nbsp;","text":"[Strong] [Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/821782119","repostId":"1111746159","repostType":4,"isVote":1,"tweetType":1,"viewCount":1210,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":865857645,"gmtCreate":1632969788592,"gmtModify":1632969983023,"author":{"id":"3584417014115924","authorId":"3584417014115924","name":"clawwdeer","avatar":"https://static.tigerbbs.com/6d7f707ecf665bf366feb3efdae32bd3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584417014115924","idStr":"3584417014115924"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/EDU\">$New Oriental Education &amp; Technology(EDU)$</a>Can buy or not?","listText":"<a href=\"https://laohu8.com/S/EDU\">$New Oriental Education &amp; Technology(EDU)$</a>Can buy or not?","text":"$New Oriental Education & Technology(EDU)$Can buy or not?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/865857645","isVote":1,"tweetType":1,"viewCount":1122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":884129953,"gmtCreate":1631869177972,"gmtModify":1631883638037,"author":{"id":"3584417014115924","authorId":"3584417014115924","name":"clawwdeer","avatar":"https://static.tigerbbs.com/6d7f707ecf665bf366feb3efdae32bd3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584417014115924","idStr":"3584417014115924"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Up today, down tomoro again?","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Up today, down tomoro again?","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Up today, down tomoro again?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/884129953","isVote":1,"tweetType":1,"viewCount":1138,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000316","authorId":"9000000000000316","name":"丹尼尔加","avatar":"https://static.tigerbbs.com/f2986a3c909439505407d0230a69dcb6","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000316","idStr":"9000000000000316"},"content":"你说的很对，这个股就是这个脾气，还真不好改。","text":"你说的很对，这个股就是这个脾气，还真不好改。","html":"你说的很对，这个股就是这个脾气，还真不好改。"}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":884129953,"gmtCreate":1631869177972,"gmtModify":1631883638037,"author":{"id":"3584417014115924","authorId":"3584417014115924","name":"clawwdeer","avatar":"https://static.tigerbbs.com/6d7f707ecf665bf366feb3efdae32bd3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584417014115924","authorIdStr":"3584417014115924"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Up today, down tomoro again?","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>Up today, down tomoro again?","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$Up today, down tomoro again?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/884129953","isVote":1,"tweetType":1,"viewCount":1138,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000316","authorId":"9000000000000316","name":"丹尼尔加","avatar":"https://static.tigerbbs.com/f2986a3c909439505407d0230a69dcb6","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000316","authorIdStr":"9000000000000316"},"content":"你说的很对，这个股就是这个脾气，还真不好改。","text":"你说的很对，这个股就是这个脾气，还真不好改。","html":"你说的很对，这个股就是这个脾气，还真不好改。"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":845997672,"gmtCreate":1636260633197,"gmtModify":1636260633540,"author":{"id":"3584417014115924","authorId":"3584417014115924","name":"clawwdeer","avatar":"https://static.tigerbbs.com/6d7f707ecf665bf366feb3efdae32bd3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584417014115924","authorIdStr":"3584417014115924"},"themes":[],"htmlText":"&nbsp;[Strong]&nbsp;","listText":"&nbsp;[Strong]&nbsp;","text":"[Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/845997672","repostId":"2181074782","repostType":4,"isVote":1,"tweetType":1,"viewCount":1155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":821782119,"gmtCreate":1633791191160,"gmtModify":1633791191273,"author":{"id":"3584417014115924","authorId":"3584417014115924","name":"clawwdeer","avatar":"https://static.tigerbbs.com/6d7f707ecf665bf366feb3efdae32bd3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584417014115924","authorIdStr":"3584417014115924"},"themes":[],"htmlText":"[Strong]&nbsp;[Strong]&nbsp;","listText":"[Strong]&nbsp;[Strong]&nbsp;","text":"[Strong] [Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/821782119","repostId":"1111746159","repostType":4,"repost":{"id":"1111746159","kind":"news","pubTimestamp":1633760372,"share":"https://ttm.financial/m/news/1111746159?lang=&edition=full","pubTime":"2021-10-09 14:19","market":"us","language":"en","title":"Nikola inks hydrogen production deal with Canada's TC Energy","url":"https://stock-news.laohu8.com/highlight/detail?id=1111746159","media":"THE BUSINESS JOURNALS","summary":"Nikola, the Phoenix-based maker of zero emission vehicles, announced a joint development agreement w","content":"<p>Nikola, the Phoenix-based maker of zero emission vehicles, announced a joint development agreement with Canada’s TC Energy on Thursday to co-develop hydrogen production facilities in the U.S. and Canada.</p>\n<p>Nikola Corp. (Nasdaq: NKLA) and Calgary, Canada-based TC Energy Corp. (TSX, NYSE: TRP) have agreed to collaborate on development, construction and operation of hydrogen hubs, with the goal of building facilities capable of producing 150 tonnes or more of hydrogen per day in the next five years.</p>\n<p>This agreement is designed to encourage the adoption of hydrogen fuel cell electric vehicles (FCEVs) by building out the necessary infrastructure to fuel these forthcoming vehicles. Nikola is still in pre-production, but the company plans to deliver its first battery electric vehicles (BEVs) by the end of this year, with first FCEVs expected by 2023.</p>\n<p>Nikola’s vehicles will fall under the Class 8 vehicle classification, for large tractor trailer trucks designed to haul freight.</p>\n<p>TC Energy is one of the largest energy companies in North America, operating natural gas pipelines, liquid pipelines and energy production businesses. TC Energy was also the company leading development of the Keystone XL pipeline, but&nbsp;officially abandoned the project&nbsp;in June.</p>\n<p>Additionally, Nikola joined other heavy duty hydrogen vehicle makers on Friday in an agreement to standardize fueling hardware components for hydrogen-powered vehicles across the globe. The goal is to create a fueling network that works with all hydrogen vehicle makers, similar to what exists today for gasoline stations.</p>\n<p>The Hydrogen Heavy Duty Vehicle Industry Group — which is comprised of Air Liquid, Hyundai, Nel Hydrogen, Shell, Toyota and Nikola — specifically signed an agreement with Tatsuno Corp. and Transfer Oil SpA on a new high flow 70 megapascal (a measurement of pressure) baseline, which has been dubbed the H70HF standard.</p>\n<p>\"This innovative fueling technology will be an essential part of our hydrogen infrastructure development strategy, making hydrogen available to Nikola heavy-duty FCEV customers and the industry at large,\" Nikola’s president of energy and commercial Pablo Koziner said in a statement.</p>\n<p>These two agreements help further illuminate Nikola’s plan to get its FCEVs out on the road, after recently signing a flurry of other hydrogen-related deals.</p>\n<p>In June Nikola said it would&nbsp;invest $50 million in a hydrogen production plant&nbsp;in Indiana, last month it signed a&nbsp;fuel cell production deal with Boschand earlier this month it signed a&nbsp;joint development agreement&nbsp;for hydrogen fueling infrastructure with OPAL Fuels.</p>\n<p>In Thursday trading, following the Nikola and TC Energy announcement, Nikola’s shares gained 46 cents (4.51%) to close at $10.67. TC Energy’s shares also rose on the news, adding 58 cents (1.19%) on Thursday to close at $49.16.Follow Nikola’s stock hereandTC Energy’s stock here.</p>\n<p><b>Milton case update</b></p>\n<p>Nikola Corp. was founded by Trevor Milton in Utah back in 2015, but he relocated the company to Arizona in 2018 with its arrival hailed as a big win by local business leaders.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f7b9c77b869e2ea569c297cc098a120\" tg-width=\"750\" tg-height=\"422\" width=\"100%\" height=\"auto\"><span>A file photo of former Nikola Corp. CEO Trevor Milton. JIM POULIN | PHOENIX BUSINESS JOURNAL</span></p>\n<p>Last year Hindenburg Research, a short seller, publisheda reportthat described Nikola as an “intricate fraud,\" leading toMilton's resignationless than two weeks later. Though he is no longer running the company, Milton is still a major shareholder at Nikola.</p>\n<p>In July, Milton was chargedwith securities fraudin the Southern District of New York. The Securities and Exchange Commission also charged Milton with violating the anti-fraud provisions and accused him of repeatedly disseminating false and misleading information.</p>\n<p>“[Milton] engaged in a fraudulent scheme to deceive retail investors about Nikola’s products, technical advancements, and commercial prospects for his own personal benefit,”the SEC complaintread. “Milton did so primarily by leveraging his social media presence and frequent appearances on television and podcasts to flood the market with false and misleading information about Nikola.”</p>\n<p>Milton was released on a $100 million bond in July and his lawyer reportedly asked the judge to move the case out of New York and back to Arizona at a hearing last month,according to Law360. The court has yet to upload transcripts from the Sept. 15 hearing in which Bradley Bondi, Milton’s lawyer, requested the shift in venue. Milton's trial is expected to start in April 2022.</p>","source":"lsy1633760424806","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nikola inks hydrogen production deal with Canada's TC Energy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nNikola inks hydrogen production deal with Canada's TC Energy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-09 14:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bizjournals.com/phoenix/news/2021/10/08/nikola-tc-energy-hydrogen-production.html?ana=yahoo><strong>THE BUSINESS JOURNALS</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nikola, the Phoenix-based maker of zero emission vehicles, announced a joint development agreement with Canada’s TC Energy on Thursday to co-develop hydrogen production facilities in the U.S. and ...</p>\n\n<a href=\"https://www.bizjournals.com/phoenix/news/2021/10/08/nikola-tc-energy-hydrogen-production.html?ana=yahoo\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bizjournals.com/phoenix/news/2021/10/08/nikola-tc-energy-hydrogen-production.html?ana=yahoo","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111746159","content_text":"Nikola, the Phoenix-based maker of zero emission vehicles, announced a joint development agreement with Canada’s TC Energy on Thursday to co-develop hydrogen production facilities in the U.S. and Canada.\nNikola Corp. (Nasdaq: NKLA) and Calgary, Canada-based TC Energy Corp. (TSX, NYSE: TRP) have agreed to collaborate on development, construction and operation of hydrogen hubs, with the goal of building facilities capable of producing 150 tonnes or more of hydrogen per day in the next five years.\nThis agreement is designed to encourage the adoption of hydrogen fuel cell electric vehicles (FCEVs) by building out the necessary infrastructure to fuel these forthcoming vehicles. Nikola is still in pre-production, but the company plans to deliver its first battery electric vehicles (BEVs) by the end of this year, with first FCEVs expected by 2023.\nNikola’s vehicles will fall under the Class 8 vehicle classification, for large tractor trailer trucks designed to haul freight.\nTC Energy is one of the largest energy companies in North America, operating natural gas pipelines, liquid pipelines and energy production businesses. TC Energy was also the company leading development of the Keystone XL pipeline, but officially abandoned the project in June.\nAdditionally, Nikola joined other heavy duty hydrogen vehicle makers on Friday in an agreement to standardize fueling hardware components for hydrogen-powered vehicles across the globe. The goal is to create a fueling network that works with all hydrogen vehicle makers, similar to what exists today for gasoline stations.\nThe Hydrogen Heavy Duty Vehicle Industry Group — which is comprised of Air Liquid, Hyundai, Nel Hydrogen, Shell, Toyota and Nikola — specifically signed an agreement with Tatsuno Corp. and Transfer Oil SpA on a new high flow 70 megapascal (a measurement of pressure) baseline, which has been dubbed the H70HF standard.\n\"This innovative fueling technology will be an essential part of our hydrogen infrastructure development strategy, making hydrogen available to Nikola heavy-duty FCEV customers and the industry at large,\" Nikola’s president of energy and commercial Pablo Koziner said in a statement.\nThese two agreements help further illuminate Nikola’s plan to get its FCEVs out on the road, after recently signing a flurry of other hydrogen-related deals.\nIn June Nikola said it would invest $50 million in a hydrogen production plant in Indiana, last month it signed a fuel cell production deal with Boschand earlier this month it signed a joint development agreement for hydrogen fueling infrastructure with OPAL Fuels.\nIn Thursday trading, following the Nikola and TC Energy announcement, Nikola’s shares gained 46 cents (4.51%) to close at $10.67. TC Energy’s shares also rose on the news, adding 58 cents (1.19%) on Thursday to close at $49.16.Follow Nikola’s stock hereandTC Energy’s stock here.\nMilton case update\nNikola Corp. was founded by Trevor Milton in Utah back in 2015, but he relocated the company to Arizona in 2018 with its arrival hailed as a big win by local business leaders.\nA file photo of former Nikola Corp. CEO Trevor Milton. JIM POULIN | PHOENIX BUSINESS JOURNAL\nLast year Hindenburg Research, a short seller, publisheda reportthat described Nikola as an “intricate fraud,\" leading toMilton's resignationless than two weeks later. Though he is no longer running the company, Milton is still a major shareholder at Nikola.\nIn July, Milton was chargedwith securities fraudin the Southern District of New York. The Securities and Exchange Commission also charged Milton with violating the anti-fraud provisions and accused him of repeatedly disseminating false and misleading information.\n“[Milton] engaged in a fraudulent scheme to deceive retail investors about Nikola’s products, technical advancements, and commercial prospects for his own personal benefit,”the SEC complaintread. “Milton did so primarily by leveraging his social media presence and frequent appearances on television and podcasts to flood the market with false and misleading information about Nikola.”\nMilton was released on a $100 million bond in July and his lawyer reportedly asked the judge to move the case out of New York and back to Arizona at a hearing last month,according to Law360. The court has yet to upload transcripts from the Sept. 15 hearing in which Bradley Bondi, Milton’s lawyer, requested the shift in venue. Milton's trial is expected to start in April 2022.","news_type":1,"symbols_score_info":{"NKLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1210,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":841412637,"gmtCreate":1635933623219,"gmtModify":1635933623508,"author":{"id":"3584417014115924","authorId":"3584417014115924","name":"clawwdeer","avatar":"https://static.tigerbbs.com/6d7f707ecf665bf366feb3efdae32bd3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584417014115924","authorIdStr":"3584417014115924"},"themes":[],"htmlText":"B[Strong]&nbsp;[Strong]&nbsp;","listText":"B[Strong]&nbsp;[Strong]&nbsp;","text":"B[Strong] [Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/841412637","repostId":"1193956072","repostType":4,"isVote":1,"tweetType":1,"viewCount":1189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":865857645,"gmtCreate":1632969788592,"gmtModify":1632969983023,"author":{"id":"3584417014115924","authorId":"3584417014115924","name":"clawwdeer","avatar":"https://static.tigerbbs.com/6d7f707ecf665bf366feb3efdae32bd3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584417014115924","authorIdStr":"3584417014115924"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/EDU\">$New Oriental Education &amp; Technology(EDU)$</a>Can buy or not?","listText":"<a href=\"https://laohu8.com/S/EDU\">$New Oriental Education &amp; Technology(EDU)$</a>Can buy or not?","text":"$New Oriental Education & Technology(EDU)$Can buy or not?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/865857645","isVote":1,"tweetType":1,"viewCount":1122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":849569683,"gmtCreate":1635767422675,"gmtModify":1635767422811,"author":{"id":"3584417014115924","authorId":"3584417014115924","name":"clawwdeer","avatar":"https://static.tigerbbs.com/6d7f707ecf665bf366feb3efdae32bd3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584417014115924","authorIdStr":"3584417014115924"},"themes":[],"htmlText":"[Strong]&nbsp;[Strong]&nbsp;","listText":"[Strong]&nbsp;[Strong]&nbsp;","text":"[Strong] [Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/849569683","repostId":"1133521632","repostType":4,"repost":{"id":"1133521632","kind":"news","pubTimestamp":1635767076,"share":"https://ttm.financial/m/news/1133521632?lang=&edition=full","pubTime":"2021-11-01 19:44","market":"us","language":"en","title":"Treasury Secretary Yellen expresses openness to defusing debt ceiling without GOP votes","url":"https://stock-news.laohu8.com/highlight/detail?id=1133521632","media":"The Washington Post","summary":"After some party leaders ruled out approach last month, Yellen says Democrats-only budget process co","content":"<p>After some party leaders ruled out approach last month, Yellen says Democrats-only budget process could prove ‘viable’ way to tackle debt limit</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d4f9763953ba4800b1c491f4cf6335f8\" tg-width=\"767\" tg-height=\"511\" width=\"100%\" height=\"auto\"><span>US Secretary of the Treasury Janet Yellen at the plenary session at the G-20 Summit in Rome on Saturday. (Riccardo Antimiani/EPA-EFE/REX/Shutterstock)</span></p>\n<p></p>\n<p>SOMEWHERE OVER THE ALPS — Treasury Secretary Janet Yellen on Sunday said Democrats should be willing to approve a fix to the nation’s debt ceiling without GOP support if necessary, an approach senior Democrats ruled out during a recent standoff over the issue.</p>\n<p>In an interview aboard a government airplane between Rome and Dublin, Yellen castigated Republicans for refusing to help raise the debt limit but acknowledged Democrats may be able to address the issue without GOP support through the Senate budget procedure known as reconciliation.</p>\n<p></p>\n<p></p>\n<p>Senior Democratic leaders were adamant that the debt ceiling be resolved on a bipartisan basis last month. Senate Republicans have uniformly insisted that Democrats should alone be responsible for raising the nation’s debt limit. Congress probably will face a deadline of Dec. 3 to act, though the exact date is uncertain.</p>\n<p>The stalemate brought the U.S.&nbsp;within weeks of a potentially catastrophic default last month, forcing Treasury to deploy “emergency measures” to prevent funds from running out.</p>\n<p>“Should it be done on a bipartisan basis? Absolutely. Now, if they’re not going to cooperate, I don’t want to play chicken and end up not raising the debt ceiling. I think that’s the worst possible outcome,” Yellen told The Washington Post. “If Democrats have to do it by themselves, that’s better than defaulting on the debt to teach the Republicans a lesson.”</p>\n<p>While condemning the Republican approach as “completely irresponsible,” Yellen also expressed openness to Democrats using the part of the reconciliation procedure called “Section 304” to resolve the debt ceiling impasse to circumvent the filibuster. Senate Democrats on the budget committee previously ruled out that approach.</p>\n<p>The debt ceiling sets the maximum amount that the U.S. can borrow under the law. But Congress has also approved spending laws requiring the federal government to run a national debt in excess of this limit. Economists say that breaching the debt ceiling and failing to pay the U.S. government’s outstanding debts — an unprecedented event — would rattle world markets and could plunge the U.S. into an economic recession.</p>\n<p>“To me, as the person who has to pay the bills and watches this on a daily basis — our funds dwindling in our account over time — I very much want to make sure that this is addressed. And this Section 304 procedure is one way in which that could occur,” Yellen told The Washington Post. “I don’t want to take 304 off the table, because it looks to me like a viable route to do it.”</p>\n<p>Yellen added: “We are in a very unfortunate position in which the Republicans have simply insisted they are not going to cooperate, and there may be other ways to do it.”</p>\n<p>With only weeks to resolve the debt ceiling impasse, Senate Majority Leader Charles E. Schumer (D-N.Y.) said in early October that “this body cannot and will not” use the budget reconciliation process to deal with the issue. Democrats argued there was insufficient time to go through the reconciliation process because it would allow Republicans to delay the effort through procedural objections. Congress may have more time to try to use the procedure now.</p>\n<p>President Biden refused to entertain the possibility of Senate Minority Leader Mitch McConnell (R-Ky.) not providing the votes necessary to raise the debt ceiling. Asked in October whether he could guarantee the debt ceiling would be resolved, Biden said: “No, I can’t. That’s up to Mitch McConnell.”</p>\n<p>When asked about raising the debt limit through reconciliation, Biden said: “I’m not going to cross that bridge until we have to get there.”</p>\n<p>Warren Gunnels, an aide to Senate Budget Chair Bernie Sanders (I-Vt.), told The Washington Post in early October: “We’re not doing the debt ceiling through reconciliation. Period. End of discussion.”</p>\n<p>The debt ceiling issue is particularly sensitive for Yellen, given the Treasury’s responsibility for managing the federal government’s finances. Yellen’s former position as chairwoman of the Federal Reserve also give her insight into the potential consequences of a default.</p>\n<p>In early October, Yellen&nbsp;endorsed abolishing&nbsp;the debt ceiling altogether — a position not yet taken by the White House or Biden.</p>\n<p>“It is my view — it’s not the White House view; it’s not the president’s view; they haven’t weighed in on this — but I personally feel we should not have a debt ceiling,” Yellen said in Sunday’s interview.</p>\n<p>Yellen&nbsp;has also been told by two of her predecessors&nbsp;that a bipartisan approach to the debt ceiling is not possible. Two former GOP treasury secretaries — Hank Paulson and Steven Mnuchin — previously communicated to Yellen in private that McConnell was not bluffing in his refusal to help Democrats raise the debt ceiling. The rest of the Senate Republican caucus has supported McConnell’s approach.</p>\n<p>Some nonpartisan estimates have found the debt ceiling may not have to be raised until February.</p>\n<p>Yellen expressed openness to multiple ways to resolve the debt ceiling impasse. One option she acknowledged was under discussion included changing the debt limit so it automatically resets to whatever level of debt Congress has de facto authorized through new legislation.</p>\n<p>“I have not particularly advocated any particular way of doing it. That’s one form I have heard discussed,” Yellen said.</p>\n<p>Yellen has rejected some liberals’ arguments that the administration can resolve the debt ceiling impasse unilaterally. White House officials&nbsp;have gone as far as privately exploring&nbsp;in memos some of these ideas, including a heterodox plan to mint a $1 trillion coin that Yellen has panned. The administration said last month that those ideas are not actively under consideration.</p>\n<p>Yellen traveled Sunday from the “Group of 20” summit in Rome to Dublin to discuss the new global tax accord she was instrumental in approving. She will later head to Glasgow, Scotland, for an international climate summit.</p>\n<p></p>","source":"lsy1602754136468","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Treasury Secretary Yellen expresses openness to defusing debt ceiling without GOP votes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nTreasury Secretary Yellen expresses openness to defusing debt ceiling without GOP votes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-01 19:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.washingtonpost.com/us-policy/2021/11/01/yellen-debt-ceiling-biden/><strong>The Washington Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After some party leaders ruled out approach last month, Yellen says Democrats-only budget process could prove ‘viable’ way to tackle debt limit\nUS Secretary of the Treasury Janet Yellen at the plenary...</p>\n\n<a href=\"https://www.washingtonpost.com/us-policy/2021/11/01/yellen-debt-ceiling-biden/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.washingtonpost.com/us-policy/2021/11/01/yellen-debt-ceiling-biden/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133521632","content_text":"After some party leaders ruled out approach last month, Yellen says Democrats-only budget process could prove ‘viable’ way to tackle debt limit\nUS Secretary of the Treasury Janet Yellen at the plenary session at the G-20 Summit in Rome on Saturday. (Riccardo Antimiani/EPA-EFE/REX/Shutterstock)\n\nSOMEWHERE OVER THE ALPS — Treasury Secretary Janet Yellen on Sunday said Democrats should be willing to approve a fix to the nation’s debt ceiling without GOP support if necessary, an approach senior Democrats ruled out during a recent standoff over the issue.\nIn an interview aboard a government airplane between Rome and Dublin, Yellen castigated Republicans for refusing to help raise the debt limit but acknowledged Democrats may be able to address the issue without GOP support through the Senate budget procedure known as reconciliation.\n\n\nSenior Democratic leaders were adamant that the debt ceiling be resolved on a bipartisan basis last month. Senate Republicans have uniformly insisted that Democrats should alone be responsible for raising the nation’s debt limit. Congress probably will face a deadline of Dec. 3 to act, though the exact date is uncertain.\nThe stalemate brought the U.S. within weeks of a potentially catastrophic default last month, forcing Treasury to deploy “emergency measures” to prevent funds from running out.\n“Should it be done on a bipartisan basis? Absolutely. Now, if they’re not going to cooperate, I don’t want to play chicken and end up not raising the debt ceiling. I think that’s the worst possible outcome,” Yellen told The Washington Post. “If Democrats have to do it by themselves, that’s better than defaulting on the debt to teach the Republicans a lesson.”\nWhile condemning the Republican approach as “completely irresponsible,” Yellen also expressed openness to Democrats using the part of the reconciliation procedure called “Section 304” to resolve the debt ceiling impasse to circumvent the filibuster. Senate Democrats on the budget committee previously ruled out that approach.\nThe debt ceiling sets the maximum amount that the U.S. can borrow under the law. But Congress has also approved spending laws requiring the federal government to run a national debt in excess of this limit. Economists say that breaching the debt ceiling and failing to pay the U.S. government’s outstanding debts — an unprecedented event — would rattle world markets and could plunge the U.S. into an economic recession.\n“To me, as the person who has to pay the bills and watches this on a daily basis — our funds dwindling in our account over time — I very much want to make sure that this is addressed. And this Section 304 procedure is one way in which that could occur,” Yellen told The Washington Post. “I don’t want to take 304 off the table, because it looks to me like a viable route to do it.”\nYellen added: “We are in a very unfortunate position in which the Republicans have simply insisted they are not going to cooperate, and there may be other ways to do it.”\nWith only weeks to resolve the debt ceiling impasse, Senate Majority Leader Charles E. Schumer (D-N.Y.) said in early October that “this body cannot and will not” use the budget reconciliation process to deal with the issue. Democrats argued there was insufficient time to go through the reconciliation process because it would allow Republicans to delay the effort through procedural objections. Congress may have more time to try to use the procedure now.\nPresident Biden refused to entertain the possibility of Senate Minority Leader Mitch McConnell (R-Ky.) not providing the votes necessary to raise the debt ceiling. Asked in October whether he could guarantee the debt ceiling would be resolved, Biden said: “No, I can’t. That’s up to Mitch McConnell.”\nWhen asked about raising the debt limit through reconciliation, Biden said: “I’m not going to cross that bridge until we have to get there.”\nWarren Gunnels, an aide to Senate Budget Chair Bernie Sanders (I-Vt.), told The Washington Post in early October: “We’re not doing the debt ceiling through reconciliation. Period. End of discussion.”\nThe debt ceiling issue is particularly sensitive for Yellen, given the Treasury’s responsibility for managing the federal government’s finances. Yellen’s former position as chairwoman of the Federal Reserve also give her insight into the potential consequences of a default.\nIn early October, Yellen endorsed abolishing the debt ceiling altogether — a position not yet taken by the White House or Biden.\n“It is my view — it’s not the White House view; it’s not the president’s view; they haven’t weighed in on this — but I personally feel we should not have a debt ceiling,” Yellen said in Sunday’s interview.\nYellen has also been told by two of her predecessors that a bipartisan approach to the debt ceiling is not possible. Two former GOP treasury secretaries — Hank Paulson and Steven Mnuchin — previously communicated to Yellen in private that McConnell was not bluffing in his refusal to help Democrats raise the debt ceiling. The rest of the Senate Republican caucus has supported McConnell’s approach.\nSome nonpartisan estimates have found the debt ceiling may not have to be raised until February.\nYellen expressed openness to multiple ways to resolve the debt ceiling impasse. One option she acknowledged was under discussion included changing the debt limit so it automatically resets to whatever level of debt Congress has de facto authorized through new legislation.\n“I have not particularly advocated any particular way of doing it. That’s one form I have heard discussed,” Yellen said.\nYellen has rejected some liberals’ arguments that the administration can resolve the debt ceiling impasse unilaterally. White House officials have gone as far as privately exploring in memos some of these ideas, including a heterodox plan to mint a $1 trillion coin that Yellen has panned. The administration said last month that those ideas are not actively under consideration.\nYellen traveled Sunday from the “Group of 20” summit in Rome to Dublin to discuss the new global tax accord she was instrumental in approving. She will later head to Glasgow, Scotland, for an international climate summit.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}