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Yellen warns of 'economic chaos' unless Congress raises the debt ceilingJanet Yellen on Sunday said that failure to raise the debt ceiling will cause a 'steep economic downturn' in the U.S.
Source: CNBC - 🏆 12. / 72 Read more »
Yellen warns against debt ceiling talks with 'gun to the head of the American people'U.S. Treasury Secretary Janet Yellen on Sunday warned that a failure by Congress to act on the debt ceiling could trigger a 'constitutional crisis,' with consequences for financial markets and interest rates.
Source: Reuters - 🏆 2. / 97 Read more »
Yellen says using 14th Amendment to scrap debt limit would cause a 'constitutional crisis'Treasury Secretary Janet Yellen repeatedly declined to rule out the possibility of declaring the debt ceiling unconstitutional if Congress fails to resolve its standoff, but said doing so would be a 'not-good' option.
Source: dcexaminer - 🏆 6. / 94 Read more »
Breakout: Not-so-bad inflation | Reuters VideoThe world’s developed economies are adapting to a barrage of shocks while central bankers struggle to halt rising prices. But as Felix Martin tells Peter Thal Larsen, inflation can ease economic adjustment and shrink debt. That’s helpful for everyone - except bond investors.
Source: Breakingviews - 🏆 470. / 51 Read more »