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Yellen Sends Default Warning If Congress Fails
Bloomberg Businessweek
The Debt Ceiling and the Politics of Budgeting
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U.S. Treasury Secretary Janet Yellen spoke exclusively with Bloomberg's Anne Marie Horden from the sidelines of the G7 Summit in Japan. "I feel like we are constantly fighting for a responsible federal budget and never getting it," she said. She added that if Congress doesn't raise the debt ceiling, 'we face economic and financial catastrophe one way or the other'
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