Treasury Secretary Janet Yellen extends debt ceiling deadline, warning failure to raise America's debt ceiling, now at $31 trillion, would cause "severe hardship" and inflict economic turmoil at home and globally.Car drives next to a board at a bus stop showing a US national debt figure in Washington / File Photo: Reuters
But Yellen renewed her warning in a letter to Congress on Friday, saying that inaction on raising the borrowing limit would “cause severe hardship.” She said that the Treasury Department had deployed an extraordinary measure not used since 2015 to get the U.S. financial position to this point,
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