Yellen warns not lifting US debt ceiling poses ‘huge threat’

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With odds of a split US Congress rising, Treasury Secretary Janet Yellen warned that lawmakers’ failure to raise the statutory limit on US debt posed a “huge threat” to America’s credit rating and the functioning of US financial markets.

Yellen told Reuters in an interview in New Delhi on Friday that cooperation is still possible with Republicans on some issues, but lifting the debt ceiling is a non-negotiable item.








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