Janet Yellen warns Congress again of debt default

Published

3 years ago

May 16, 2023

In her second letter to Congress in two weeks, Treasury Secretary Janet Yellen warns the agency will be unlikely to meet payment obligations by June 1

The U.S. Treasury Department says it is just weeks away from running out of money to pay the nation’s bills.

In her second letter to Congress in two weeks, Treasury Secretary Janet Yellen warns the agency will be unlikely to meet payment obligations by June 1.

This would trigger the first-ever U.S. default.

The new date reflects further data on revenues and payments received since Yellen told lawmakers in May that Treasury is running out of cash.

This fresh warning comes a day before Joe Biden is expected to meet House Speaker Kevin McCarthy for talks.

Yellen says she will provide an additional update to Congress next week as more information becomes available.

Of course, Biden will travel to Japan on Wednesday for a Group of Seven leaders summit, then onto Australia for a trip that will stretch over a week.

On Monday, McCarthy said there had been no progress in marathon talks throughout the weekend.

Yellen has repeatedly warned a failure by Congress to raise the $31.4 trillion federal debt limit could spark a “constitutional crisis” and unleash an “economic and financial catastrophe”.

Australia shuts millions of teen social media accounts

Australia’s social media ban leads to 4.7 million teen account closures, prompting debate over online safety and freedom.

Published

2 days ago

January 16, 2026

Harvey Vargas

Australia’s social media ban leads to 4.7 million teen account closures, prompting debate over online safety and freedom.

Nearly five million social media accounts belonging to Australian teenagers have been closed since the nation’s social media ban began in December. Platforms such as Instagram and TikTok were responsible for removing around 4.7 million accounts held by minors, according to the eSafety Commissioner.

Prime Minister Anthony Albanese described the figures as encouraging, highlighting the government’s commitment to protecting children online. The new law holds social media companies accountable, with fines imposed on platforms that fail to prevent underage accounts from being created or maintained.

Despite these measures, some teenagers have reportedly bypassed the restrictions by falsifying their ages or using parental information. The debate continues over the effectiveness of these regulations and the balance between safety and online freedom.

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#AustraliaNews #SocialMediaBan #TeenSafety #eSafety #Instagram #TikTok #OnlineProtection #TechLaw

News

Iran protests and the global fight for freedom

Protests in Iran escalate as citizens demand women’s rights; Rabbi Cooper discusses global solidarity and advocacy efforts.

Published

3 days ago

January 15, 2026

Harvey Vargas

Protests in Iran escalate as citizens demand women’s rights; Rabbi Cooper discusses global solidarity and advocacy efforts.

Amid escalating protests in Iran, citizens are risking everything to demand women’s rights and basic freedoms. The world watches as these demonstrations grow, with many hoping for meaningful change in the face of a brutal regime.

We speak with Rabbi Abraham Cooper from the Simon Wiesenthal Center about the advocacy work supporting Iranian voices and the historical context of defending human rights. He explains the vital role of international solidarity and how governments and communities can respond.

From the human cost on the ground to the influence of the Iranian diaspora in Los Angeles, this interview sheds light on the stakes, the movement, and why public attention is critical.

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#IranProtests #HumanRights #WomensRights #FreedomMovement #IranNews #SimonWiesenthal #TickerNews #GlobalSolidarity

News

Greenland and Denmark signal security divide with the United States

Greenland, Denmark assert Arctic island not for sale, emphasizing cooperation with the US on their own terms.

Published

3 days ago

January 15, 2026

Harvey Vargas

Greenland, Denmark assert Arctic island not for sale, emphasizing cooperation with the US on their own terms.

Greenland and Denmark have used high-level talks in Washington, D.C. to firmly restate that the Arctic island is not for sale, pushing back against long-standing US interest in the strategically vital territory.

Foreign ministers from both Greenland and Denmark acknowledged that major disagreements remain following discussions with US officials, despite what they described as constructive engagement on shared priorities.

Greenland’s government made clear it is open to closer cooperation with Washington, but only on its own terms, rejecting any suggestion of ownership or control.

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#Greenland #Denmark #UnitedStates #Geopolitics #ArcticPolitics #WorldNews #Security #Ticker