U.S. Treasury Secretary Extends Timeline For Potential Debt Default

U.S. Treasury Secretary Extends Timeline For Potential Debt Default

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Watch VideoTreasury Secretary Janet Yellen told Congress Tuesday that she believed she would run out of maneuvering room to avoid the nation's first-ever default soon after Dec. 15.

In a letter to congressional leaders, Yellen said that she believed Treasury could be left with insufficient resources to keep financing the...

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