Treasury Secretary Janet Yellen called on Congress to increase the federal government’s debt limit by December, warning on Sunday that inaction could cause a recession.
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Yellen warns of recession if US defaults, says Schumer and Pelosi need to figure out how to raise ceiling
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Boost U.S. debt ceiling or risk possible recession, Yellen warns
Treasury Secretary Janet Yellen said in a Tuesday interview on CNBC that a debt ceiling increase must happen, and refused to take the budget reconciliation process off the table to do it.
Treasury Secretary Janet Yellen said Tuesday that the U.S. could slide back into economic recession if Congress fails to raise the debt ceiling by Oct. 18.
Biden has spent weeks warning about dire economic consequences if Congress fails to approve more federal borrowing before the government runs out of money on Oct. 18.
Treasury Secretary Janet Yellen said Thursday on CNN's "OutFront" that it has become “increasingly damaging” for the United States to set a debt ceiling. | Clips
Treasury Secretary Janet Yellen called on Congress to increase the federal government’s debt limit by December, warning on Sunday that inaction could cause a recession.
Defaulting on the nation’s debt has been avoided for now but it's “absolutely necessary” to pay for Congress’ past decisions in the longer term, the Treasury secretary said.
