Yellen warns of U.S. ‘economic chaos’ if debt limit not raised - National | Globalnews.ca

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Yellen warns of U.S. ‘economic chaos’ if debt limit not raised

Biden’s White House meeting with McCarthy, House Minority Leader Hakeem Jeffries, D-N.Y., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., will be the first substantive talks between Biden and McCarthy in months.

“There’s not going to be just a simple clean debt limit — the votes don’t exist for that,” she told CBS’s “Face the Nation.” “So the sooner these two guys get in the room and listen to what the other one needs, the more likely they are to solve this challenge and protect the full faith and credit of the United States of America.”What’s next as Bank of Canada’s key interest rate holds steady

Sen. James Lankford, R-Okla., agreed about the risks of invoking the 14th Amendment, He told ABC that the Constitution is “very clear that spending — all those details around spending and money actually has to come through Congress.”

 

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