Yellen Pleads With Congress to Raise Debt Ceiling or Risk ‘Unthinkable’ Default
June 24, 2021 | District of Columbia
Treasury Secretary Janet Yellen on Wednesday pleaded with lawmakers to raise the federal debt ceiling to stave off an “unthinkable” first-ever default on U.S. debt obligations that could spark a financial crisis.
Yellen made the remarks in testimony before a Senate Appropriations subcommittee, urging lawmakers to raise the legal cap on how much the federal government can owe, while warning that, if they don’t agree, there could be “absolutely catastrophic economic consequences.”…
(Excerpts from the Epoch Times)
