US debt ceiling – Yellen suspends payments – economy

In the dispute over the US debt ceiling, Treasury Secretary Janet Yellen calls for a long-term solution. “It is imperative that Congress agree to an increase or abolition of the debt ceiling so that the government can consistently meet its payment obligations,” Yellen wrote in a letter to Congressman. At the same time, it announced that it would extend an ongoing program with restrictions on state payments until December 3. Among other things, this provides for the state to suspend its payments to certain pension funds in order to remain below the currently applicable upper debt limit. The dispute over federal funding has been raging for weeks. The impending insolvency of the USA was recently averted with a slight increase in the debt ceiling.