Janet L. Yellen: “We have degraded the Kremlin's ability to replace more than 9,000 pieces of heavy military equipment that it has lost on…”

The failure to raise the debt ceiling would cause an economic and financial catastrophe.

The failure to raise the debt ceiling would cause an economic and financial catastrophe.

The guidelines that we have put in effect for all Treasury employees... conform with OMB and Administration guidance.

It is a fundamental, basic responsibility of Congress to pay the Government's bills. And I call on Congress to expeditiously raise the debt ceiling.