The debt-ceiling standoff in Congress risks creating a ‘self-imposed calamity’ for the global economy, warns Janet Yellen

The debt-ceiling standoff in Congress risks creating a ‘self-imposed calamity’ for the global economy, warns Janet Yellen

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U.S. Treasury Secretary Janet Yellen said in an Associated Press interview Saturday she expects Congress will ultimately vote to raise America’s debt limit, but demands by House Republicans for spending cuts in return for backing an increase are “a very irresponsible thing to do” and risk creating…

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