Yellen warns of US ‘constitutional crisis’ amid debt-cap stalemate
The Treasury Secretary cautioned ‘financial catastrophe’ if lawmakers fail to resolve the issue
US Treasury Secretary Janet Yellen said there are “simply no good options” for solving the debt limit stalemate in Washington other than Congress lifting the cap.
She cautioned that resorting to the 14th Amendment would provoke a constitutional crisis.
“We should not get to the point where we need to consider whether the president can go on issuing debt” without Congress lifting the debt ceiling, Yellen said Sunday on ABC’s “This Week.”
“This would be ...