Janet Yellen actually said...

"America would default for the first time in history. The full faith and credit of the United States would be impaired and our country would likely face a financial crisis and economic recession as a r..."

"It is imperative that Congress address the debt limit."

"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..."

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