Treasury Secretary Janet Yellen on Tuesday predicted an impending recession if Congress failed to raise the debt ceiling.
“I do regard Oct. 18 as a deadline,” Yellen said in an interview with CNBC’s Squawk Box. It would be catastrophic to not pay the government’s bills, for us to be in a position where we lacked the resources to pay the government’s bills. I fully expect it would cause a recession as well.”
Yellen has been using emergency