US Treasury Secretary Janet Yellen warns of likely October debt cliff and incoming ‘irreparable damage’

This story is published in a content partnership with POLITICO. It was originally reported by Jennifer Scholtes and Caitlin Emma on on September 8, 2021.US Treasury Secretary Janet Yellen warned congressional leaders on Wednesday that she expects the country’s debt limit will hit its breaking point next month, dealing a likely blow to the global economy without quick action.In a letter to top lawmakers in both parties, Yellen said the Biden administration’s “best and most recent”…


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