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Biden, Yellen warn of ‘catastrophe’ if debt limit not raised

Por: Portland Press Herald World February 15, 2023

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WASHINGTON — President Biden and Treasury Secretary Janet Yellen warned Tuesday of a potential economic crisis if a deal isn’t reached to increase the federal debt ceiling. They raised the alarm during speeches to the National Association of Counties, which was holding a conference in Washington. Biden said many local governments have recovered from the pandemic, but “some in Congress are putting that progress at risk by threatening to... + full article



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