US debt default could cause ‘worldwide panic’ – Treasury Sec

May 16th 2023 12:01pm EDT

Washington must lift its $31.4 trillion borrowing limit by June 1, according to Janet Yellen Failure to avert a debt default in the US could have far-reaching consequences for the American and global economies, Treasury Secretary Janet Yellen warned on Tuesday. In remarks made to the Independent Community Bankers of America trade group, she noted […]

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