Yellen Urges Congress to Raise Debt Ceiling to Avoid Economic Chaos.
TL;DR Summary
President Biden plans to take the debt ceiling fight directly to some of the rank-and-file GOP lawmakers whose votes could become crucial. Biden's planned campaign-style trip to suburban New York on Wednesday is the latest move in a White House strategy to pressure House Speaker Kevin McCarthy in the spending battle in the soft underbelly of his fragile majority: GOP House members in competitive districts Biden carried in November. Democrats have referred to the GOP debt bill as the "Default on America Act."
- Biden prepares to take debt ceiling battle to vulnerable GOP lawmakers NBC News
- Yellen Says No Good Alternative to Congress Lifting Debt Cap Yahoo Finance
- Senior Treasury officials reiterate dire warnings if debt ceiling isn't lifted, pour cold water on invoking the 14th Amendment CNN
- Yellen warns of 'economic chaos' unless Congress raises the debt ceiling CNBC
- Yellen to US Congress: Raise Debt Ceiling or Face Economic Calamity Voice of America
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