- U.S. Treasury secretary Yellen: Failure to raise debt limit could hurt reserve status of the dollar and cause a recession
Market news
5 October 2021
U.S. Treasury secretary Yellen: Failure to raise debt limit could hurt reserve status of the dollar and cause a recession
- Says she does regard October 18 as deadline for debt ceiling
- Supports bipartisan action to raise debt ceiling
- It is up to speaker Pelosi and majority leader Schumer on how to get debt ceiling raised
- It would be "catastrophic" if government couldn't pay its bills
- Asked if Fed chair Powell should be reappointed, says that is up to president Biden
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