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You are here: Home / Failure to raise debt ceiling would be an ‘economic catastrophe,’ Treasury’s Yellen says

Failure to raise debt ceiling would be an ‘economic catastrophe,’ Treasury’s Yellen says

May 8, 2023 by US Top News and Analysis

Treasury predicts it will exhaust emergency measures on the debt as early as June 1, leaving about three weeks for Congress to raise the debt limit.

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