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News Economy Yellen warns against debt ceiling talks with 'gun to the head of the American people'

Yellen warns against debt ceiling talks with 'gun to the head of the American people'

Yellen, in an interview on ABC News, reiterated a warning to lawmakers the government could pay its bills only through early June without increasing the limit, which the government hit in January.

Reuters ECONOMY
Published May 07,2023
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YELLEN WARNS AGAINST DEBT CEILING TALKS WITH GUN TO THE HEAD OF THE AMERICAN PEOPLE

U.S. Treasury Secretary Janet Yellen on Sunday said debt ceiling negotiations should not take place "with a gun to the head of the American people."

Yellen, in an interview on ABC News, reiterated a warning to lawmakers the government could pay its bills only through early June without increasing the limit, which the government hit in January.