Yellen Says Biden to Make ‘Decisions’ If Debt Limit Not Raised
- Treasury secretary warns failure to raise limit ‘catastrophe’
- Yellen sees risk for role of dollar if Congress doesn’t act
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Treasury Secretary Janet Yellen said Monday that the administration will be forced into making “decisions” on how to proceed if Congress doesn’t end up raising the federal debt limit in time.
While reiterating her argument that the only “good” option is for lawmakers to boost the ceiling, Yellen said that if that doesn’t happen, the government will need to figure out “what to do with the resources that we do have.” She spoke in an interview with CNBC.