Treasury Secretary Janet Yellen on Tuesday warned of severe economic consequences if Congress does not address the debt ceiling. “It is unlikely that the...
Treasury Secretary Janet Yellen on Tuesday warned of severe economic consequences if Congress does not address the debt ceiling.
“It is unlikely that the federal government would be able to issue payments to millions of Americans, including our military families and seniors who rely on Social Security,” she said in remarks prepared for delivery to the Sacramento Metropolitan Chamber of Commerce. “In the longer term, a default would raise the cost of borrowing into perpetuity,” she said. Yellen repeated that Congress should raise or suspend the debt limit “without conditions.” This week, House Speaker Kevin McCarthy is...
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Security guard shot while patrolling apartment complex on golf cart in southwest Houston, police sayThe security guard was in a golf cart talking with some residents in the Gulfton area apartment complex when gunfire broke out, according to investigators.
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