Yellen Warns U.S. Could Default on Debt Soon
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 2 May 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
Our links:
Wall Street Breakfast:
Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00 am ET, it's all the news you need to know for your market day.
Seeking Alpha Premium:
A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.
Alpha Picks:
Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.
Wall Street Breakfast on Twitter
Show links:
FDIC proposes changes to deposit insurance system in wake of bank failures
How Investors Should Think About AI, Micron, Tesla And The Fed With Chaim Siegel
Hollywood writers strike for first time since 2007, with streaming in focus
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning. Today is Tuesday, May 2nd, and I'm your host Julie Morgan. |
| 0:12.0 | A warning about the debt ceiling, Treasury Secretary Janet |
| 0:15.5 | Yellen says the U.S. could run out of extraordinary measures as early as June 1st, sooner than |
| 0:21.3 | expected. The Federal Open Market Committee gets together for |
| 0:25.4 | their two-day meeting starting today. I think this recent Fed is a little less |
| 0:31.4 | humble than past feds. |
| 0:33.6 | Kaim Siegel is the investing group leader of Fed trader on Seeking Alpha. |
| 0:38.3 | He says he believes the Fed and the market should work together. |
| 0:42.1 | Vice Media is in trouble. and the market should work together. |
| 0:42.6 | Vice Media is in trouble. |
| 0:44.7 | The media company is struggling to find a buyer |
| 0:47.3 | and reports say it could file for bankruptcy |
| 0:50.0 | within the next several days. |
| 0:52.8 | Our top story. |
| 0:54.2 | The Treasury Department could run out of extraordinary measures |
| 0:57.4 | to pay the government's bills as early as June 1st |
| 1:00.4 | if the government's debt limit is not raised or suspended. |
| 1:04.0 | That was the message from Treasury Secretary Janet Yellen in a letter to House Speaker Kevin McCarthy and congressional leadership on Monday. |
| 1:12.0 | That contrasts with her date in January that estimated it was unlikely to run out of cash |
| 1:17.7 | and extraordinary measures before early June. |
| 1:21.1 | The latest estimate was calculated after the Treasury Department |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Seeking Alpha, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Seeking Alpha and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.