Janet Yellen, wey bi the the US Treasury Secretary don yarn say  the government go  run out of funds by October 18 as Senate Republicans don block attempts to increase the borrowing limit.

Make Una read wetin im yarn for letter to congressional leaders.

“At that point, we expect Treasury would be left with very limited resources that would be depleted quickly,”

“It is uncertain whether we could continue to meet all the nation’s commitments after that date. “We know from previous debt limit impasses that waiting until the last minute can cause serious harm to business and consumer confidence, raise borrowing costs for taxpayers, and negatively impact the credit rating of the United States for years to come,” 

“Failure to act promptly could also result in substantial disruptions to financial markets, as heightened uncertainty can exacerbate volatility and erode investor confidence.”

“would undermine confidence in the dollar as the reserve currency, and the interest payments of ordinary Americans on their mortgages and on their cars and on their credit cards would all go up in line with higher Treasury borrowing costs.”