No good options if Congress fails to raise the debt limit, Yellen says


Treasury Secretary Janet Yellen struck an increasingly troubled tone Sunday as President Joe Biden gears up to meet with congressional leadership Tuesday to discuss raising the debt ceiling.

The negotiations “should not take place with a gun really to the head of the American people,” Yellen cautioned Sunday on ABC’s “This Week.”

With the June 1 “X-date” quickly approaching, Yellen called on Congress to raise the debt ceiling, warning of the economic disaster that will follow should the government fail to come to an agreement.