U.S. Treasury Secretary Extends Timeline For Potential Debt Default

The transcript discusses the potential for the country to default on its bills around December 15th. Treasury Secretary Yellen urges lawmakers to address the debt limit by either raising or suspending it to prevent the first-ever default. Yellen's revised deadline is 12 days later than the initial December 3rd date she provided to Congress in October.

What action did Yellen suggest lawmakers take regarding the debt limit?

• Ignore it

• Raise or suspend it

• Reduce spending

• Increase taxes

What would be the consequence of not addressing the debt limit according to Yellen?

• A government shutdown

• The country's first default in history

• Increased taxes

• Higher interest rates

What is the new date Yellen provided for the potential default?

• December 3rd

• December 15th

• October 15th

• January 1st

How many days later is Yellen's new date compared to the previous deadline?

• 10 days

• 12 days

• 15 days

• 20 days

When did Yellen originally provide the deadline to Congress?

• In November

• In December

• In September

• In October