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US govt debt default to spark global downturn

US Treasury Secretary Janet Yellen warned on Friday that the looming debt default by the American federal government may spark a global downturn. "It would also risk undermining US...

Yellen warns US debt default nearing

The United States may enter a debt default earlier than expected unless a compromise can be reached to meet its obligations, Treasury Secretary Janet Yellen warned on...

US Treasury head warns of ‘catastrophe’ from debt default

US Treasury Secretary Janet Yellen said that a debt default would cause "catastrophe" for her nation. "Since 1789, the United States has paid all of our bills on time....

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