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'Chaos' if US Fails to Raise Debt Ceiling, Warns Janet Yellen

Published: May 8, 2023

US Treasury Secretary Janet Yellen warns of financial and economic chaos unless Congress acts to raise the debt ceiling. The impasse raises the risk of a default with severe consequences for the US and global economies.

Source: news18.com

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United StatesJames LankfordDonald TrumpJoe BidenJanet YellenSenate Appropriations CommitteeSecretary Janet YellenPresident Joe BidenRepublican Led HouseUs Treasury SecretaryJanet YellenDebt CeilingFinancial ChaosEconomic ChaosSpending CutsAtional Borrowing LimitUs LawmakersEconomic CalamityAmerican HouseholdsGlobal Financial SystemDebt ObligationsEgislative PassageRepublican Led HouseBorrowing LimitExcessive Spending