Yellen sees Democratic leaders averting a debt ceiling crisis


Failure to raise the debt ceiling would likely lead to a recession, Treasury Secretary Janet Yellen warned Sunday, but she’s confident that House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer can avert that.

“I have confidence that Speaker Pelosi and Leader Schumer will be able to manage this so that we don’t face this situation,” Yellen said on ABC’s “This Week.”

Defaulting on the nation’s debt has been avoided for now, Yellen said, referring to legislation just

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