Oz Blog News Commentary

of deficits...

December 2, 2021 - 16:09 -- Admin


If a deal isn’t struck before midnight on Friday, those payments will force Treasury Secretary Janet Yellen to impose another set of “emergency” spending measures -- on top of those that have been in place since October -- before the government’s ability to pay its bills is finally exhausted on or about December 15.

If that were to occur, which is admittedly unlikely, it would be catastrophic for the US, and chaotic for the rest of the world.

read more