Failure to Raise Debt Limit Would be ‘Catastrophic,’ Yellen Says

Treasury Secretary Janet L. Yellen warned lawmakers that if Congress did not raise or suspend the statutory debt limit by Oct. 18, the country would default for the first time in history, triggering a “self-inflicted” financial crisis. New York Times By BY THE NEW YORK TIMES AND REUTERS from NYT U.S. https://ift.tt/3ulE6uR
National Debt (US), Federal Budget (US)