Janet Yellen actually said...

"It is imperative that Congress address the debt limit. If not, our current estimate is the treasury will likely exhaust its extraordinary measures by October 18th. At that point, we expect treasury wo..."

"We are trying to add to the IRS's resources so that they will be able to handle these things in a more expedited fashion."

"failing to increase the debt limit would have catastrophic economic consequences."

"I think there are threats to financial stability that have come from the growth of activity in the shadow banking sector."