U.S. Treasury Secretary Janet Yellen said Tuesday that Oct. 18 remains the date she is likely to run out of resources to stave off an unprecedented default on the nation's debt without congressional action to raise the…

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Yellen says debt ceiling hike 'utterly essential', opposes platinum coin 'gimmick'

Treasury Secretary Janet Yellen told CNBC on Tuesday that the U.S. could face a recession if Congress fails to raise the debt ceiling by Oct. 18.Driving the news: President Biden on Monday urged Republicans to "get out of the way" and let "Democrats vote to raise the debt ceiling this week."Get market news worthy of your time with Axios Markets. Subscribe for free.Republicans, led by Senate Minority Leader Mitch McConnell, have said they will no…

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"It would be catastrophic": Yellen warns debt ceiling breach could trigger recession

U.S. Treasury Secretary Janet Yellen said Oct. 18 remains the date she is likely to run out of resources to stave off an unprecedented default on the nation’s debt without congressional action to raise the debt limit

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Yellen: Urgent action needed on debt limit, rejects $1T coin

U.S. Treasury Secretary Janet Yellen on Tuesday said it was "utterly essential" for Congress to lift the federal debt limit ahead of an Oct. 18 deadline to avoid U.S. default, but added that she opposes using a loophole in U.S. currency law to resolve the crisis.

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WASHINGTON (AP) — U.S. Treasury Secretary Janet Yellen said Tuesday that Oct. 18 remains the date she is likely to run out of resources to stave off an unprecedented default on the nation's debt without congressional action to raise the…

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Janet Yellen has warned previously that after October 18, the United States will not have the funds to meet its obligations to creditors if Congress does not relax the legal debt ceiling.

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US treasury secy Yellen says US debt default could trigger recession: Report

Treasury Secretary Janet Yellen believes the economy would fall into a recession if Congress fails to raise the debt ceiling before an default on the U.S. debt.

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U.S. faces a recession if Congress doesn't address the debt limit within 2 weeks, Yellen says

Treasury Secretary Janet Yellen warned Tuesday that the U.S. would likely fall into another recession if Congress is unable to raise the federal borrowing limit before Oct. 18.

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Yellen warns default on national debt would cause recession

U.S. Treasury Secretary Janet Yellen issued a dire warning on Tuesday, saying that that the nation would face “catastrophic” risks if the debt ceiling is not raised by Oct. 18.

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Yellen Warns US Faces 'Catastrophic' Risks, Recession If Unable To Raise Debt Limit By Oct 18

Treasury Secretary Janet Yellen said Tuesday that the U.S. could slide back into economic recession if Congress fails to raise the debt ceiling by Oct. 18.

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Yellen: Raise The Debt Ceiling Or We Will Fall Back Into Economic Recession

It's a legal solution that's gained some momentum to prevent a US default, but Yellen called it a "gimmick."

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Treasury Secretary Janet Yellen trashes minting a $1 trillion coin as solution to debt ceiling crisis as US inches toward default

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Janet Yellen says Oct. 18 remains the date she is likely to run out of resources. She rejected the idea of minting a $1 trillion coin to avoid a default. She said it would be "catastrophic" if the government did not have the resources to pay its bills.

Yellen: Urgent action needed on debt limit, rejects $1T coin

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