On the recordMarch 22, 2023
The failure to raise the debt ceiling would cause an economic and financial catastrophe.
Said by
Janet L. Yellen
Source
congress.govJanet L. Yellen: “The failure to raise the debt ceiling would cause an economic and financial catastrophe.”
Editor's note · Context
Yellen warns about the severe consequences of not raising the debt ceiling.
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this has never been tried. It has been rejected by all past Treasury secretaries.