“US Treasury Secretary Janet Yellen on Sunday issued a stark warning that a failure by Congress to act on the debt ceiling could trigger a"constitutional crisis" that also would call into question the federal government's creditworthiness,” per Reuters.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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Treasury Secretary Janet Yellen dodges question on invoking 14th Amendment to avoid defaultTreasury Secretary Janet Yellen dodged questions Sunday about whether the Biden administration is considering invoking the 14th Amendment to avoid default if Congress fails to lift the debt ceiling.
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Treasury Secretary Yellen warns of ‘economic calamity’ if debt ceiling is not raisedThe US has “no good options” to avoid an “economic calamity” if lawmakers refuse to raise the debt ceiling in the next few weeks, Treasury Secretary Janet Yellen said Sunday. The …
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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.
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Yellen warns of 'constitutional crisis' if Congress fails to act on debt By Reuters*TREASURY SECRETARY YELLEN WARNS FAILURE OF CONGRESS TO ACT WILL CAUSE 'AN ECONOMIC AND FINANCIAL CATASTROPHE' 🇺🇸🇺🇸
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Yellen: ‘No good options’ if Congress fails to act on debtTreasury Secretary Janet Yellen said Sunday that there are “no good options” for the United States to avoid an economic “calamity” if Congress fails to raise the nation’s borrowing limit of $31.381 trillion in the coming weeks. She did not rule out President Joe Biden bypassing lawmakers and acting on his own to try to avert a first-ever federal default.
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No good options if Congress fails to raise the debt limit, Yellen saysPresident Biden will meet with congressional leadership Tuesday to discuss raising the debt limit.
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