Yellen Tells Bank CEOs Debt-Limit Failure Would Be Catastrophic

(Bloomberg) — US Treasury Secretary Janet Yellen told top bank executives Thursday that a failure to raise the debt ceiling would be “catastrophic” for the financial system, reiterating that the matter should be addressed without delay.Most Read from BloombergSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsWall Street Fears $1 Trillion Aftershock From Debt DealHere’s How Much Wealth You Need to Join the Richest 1% GloballySam Zell, Billionaire Real Estate Investor, Dies
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