Yellen Urges Congress To Raise Debt Ceiling By Aug 2, Or US To Take “Extraordinary Steps” To Avoid Default

U.S. Treasury Secretary Janet Yellen answers questions during the Senate Appropriations Subcommittee hearing to consider the FY22 budget request for the Treasury Department at Capitol Hill in Washington, DC, on June 23, 2021.

Greg Nash | Swimming pool | Reuters

secretary of the treasury Janet Yellen On Friday, Congress warned that his department will have to take “extraordinary measures” on August 2 to prevent the US government from defaulting if lawmakers fail to strike a deal to raise or extend the debt ceiling.

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