The Urgent Need for a Solution to the US Debt Ceiling Crisis.

US Treasury Secretary Janet Yellen has said that the idea of the US defaulting on its debt should be "unthinkable" and warned of an "economic catastrophe" if the US fails to raise its debt ceiling in the coming weeks. Yellen emphasized that lawmakers must raise the debt ceiling to avoid the dreadful consequences that will come, noting that defaulting on debt can be prevented. She urged the US Congress to act quickly to raise or suspend the debt limit once again.