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‘No good options’ if Congress fails to act on debt, treasury secretary says

Por: Portland Press Herald World May 08, 2023

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WASHINGTON — Treasury Secretary Janet Yellen said Sunday that there are “no good options” for the United States to avoid an economic “calamity” if Congress fails to raise the nation’s borrowing limit of $31.381 trillion in the coming weeks. She did not rule out President Biden bypassing lawmakers and acting on his own to try to avert a first-ever federal default. Treasury Secretary Janet Yellen speaks on the U.S.-China economic... + full article



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