Economics
Yellen Renews Debt-Limit Plea With August Default Possible
- Says breach of limit could come while Congress out in August
- Failure to act would be ‘catastrophic’ for economy, she says
Janet Yellen
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
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Treasury Secretary Janet Yellen said her department may exhaust emergency measures to avoid breaching the U.S. debt limit as soon as August unless Congress acts to avert a potential default that would be “catastrophic.”