US Debt Ceiling Impasse Sparks Constitutional and Economic Concerns
TL;DR Summary
Former US Treasury Secretary Janet Yellen has warned of a "constitutional crisis" if Congress fails to raise the debt ceiling, which would result in the US government defaulting on its debt obligations. Yellen also cautioned that a government shutdown could occur if the debt ceiling is not raised, which would have severe consequences for the US economy.
Topics:nation#constitutional-crisis#government-shutdown#janet-yellen#politics#us-debt-ceiling#us-economy
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- Yellen calls invoking 14th Amendment a ‘constitutional crisis’ The Hill
- Yellen warns of 'economic chaos' unless Congress raises the debt ceiling CNBC
- US debt ceiling debacle adds to economists' fears of turmoil Financial Times
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