Treasury Secretary Janet Yellon on Friday sent Congress a letter stating her agency thinks the federal government have some extra time to take “extraordinary measures” to avoid defaulting on its loans, sayin the deadline is closer to Jan. 14, than Jan. 2.
Last year, then-House Speaker Kevin McCarthy and President Joe Biden reached a deal, which was passed by Congress, that suspended the debt ceiling until next month. President-elect Donald Trump last week tried to get Congress to raise the debt ceiling again or even eliminate it before he’s sworn in next month, but 38 Republicans voted against a House spending bill that included raising the ceiling.
Yellen said the extended the deadline was mostly because of the timing of debt payments associated with a Medicare trust fund, which is projected to reduce the outstanding debt by about $54 billion.
“Treasury currently expects to reach the new limit between January 14 and January 23, at which time it will be necessary for Treasury to start taking extraordinary measures,” Yellen wrote in the letter to congressional leadership. “I respectfully urge Congress to act to protect the full faith and credit of the United States.”
It is not clear how long Congress will have to secure a deal on funding or raising the debt ceiling again once the measures are taken, but in the past it has helped stall the default for several months, Politico reported. […]
— Read More: justthenews.com
At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.
