Janet Yellen: US treasury secretary warns of debt ceiling ‘catastrophe’
The US treasury secretary warns Congress it must act to raise the country’s borrowing limit. …
“We have learned from past debt limit impasses that waiting until the last minute to suspend or increase the debt limit can cause serious harm to business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States,” she wrote.
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