Yellen ‘nervous’ about US defaulting on debt

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Yellen ‘nervous’ about US defaulting on debt

Treasury Secretary Janet Yellen warned that the U.S. is facing a catastrophic debt crisis if lawmakers fail to raise the borrowing limit, saying the country would face a spiraling recession. “It would be devastating,” Yellen said to Axios in an interview from Johannesburg, South Africa. “It’s a catastrophe.” “Of course, it makes me nervous,” she…