Default would be ‘catastrophe’ for US – Treasury

May 11th 2023 9:07am EDT

The development would lead to major questions over Washington’s “global economic leadership,” Janet Yellen has warned A default by the US on its sovereign debt would be disastrous for the economy and would undermine the country’s ability to provide international leadership, Treasury Secretary Janet Yellen has warned. Speaking at a press conference ahead of the […]

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