US default on debt would trigger 'economic catastrophe,' Yellen says

Benzinga

Center

High Factuality

Yellen: Debt Ceiling Raise Crucial To Avoid 'Economic Catastrophe'

WION

Center

Mixed Factuality

Private Equity: Invesco

Janet Yellen’s warning: raise US debt ceiling or face economic catastrophe

U.S. Treasury Secretary Janet Yellen on Tuesday sounded the alarm on the urgent need for Congress to raise the government's debt ceiling, warning that failure could trigger an "economic catastrophe." In a recent address to business executives in Washington DC, Yellen emphasised that defaulting on debt would have far-reaching implications, including job losses and increased interest rates that may last for years, causing financial upheaval and im

Bloomberg

Lean Left

Mixed Factuality

Individual: Michael Bloomberg

Private Equity: The Vanguard Group

Yellen Says Debt Limit Threatens Economic Gains Made Under Biden

Treasury Secretary Janet Yellen implored lawmakers to lift the federal debt limit as she credited the Biden administration’s high-priced economic policies for driving a “historic recovery” from the coronavirus pandemic.

Anadolu Ajansı

Lean Right

Mixed Factuality

US Treasury head says debt default would cause 'catastrophe'

'Solution is simple: Congress must vote to raise or suspend the debt limit. It should do so without conditions,' says Janet Yellen - Anadolu Ajansı

Al Jazeera

Lean Left

High Factuality

Government: Qatar

US default on debt will trigger an ‘economic catastrophe’: Yellen

Janet Yellen warned that a default would result in job losses while driving household payments on higher interest rates.