The Biden administration wants to make it easier to take on more debt, which has caused a lot of controversy. Janet Yellen, who is in cha...
The Biden administration wants to make it easier to take on more debt, which has caused a lot of controversy.
Janet Yellen, who is in charge of the US Treasury, said that if the government can't borrow more money, it will run out of money to spend by the beginning of June.
Joe Biden, the Vice President of the United States, is trying to calm down the financial markets, even though the country is just weeks away from being unable to get the money it needs to run its daily activities for the first time in its history. This is because the president and the parliament are at odds with each other. The rules couldn't agree on whether or not to let people borrow more.
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