Failure to Raise Debt Limit Would be ‘Catastrophic,’ Yellen Says

By BY THE NEW YORK TIMES AND REUTERS from NYT Treasury Secretary Janet L. Yellen warned lawmakers that if Congress did not raise or suspend the statutory debt limit by Oct. 18, the country would default for the first time in history, triggering a “self-inflicted” financial crisis.U.S. https://ift.tt/3ulE6uR
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