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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 of disaster for US if debt ceiling not raised

The US Congress failing to raise the nation's debt limit, which could lead to defaulting on its debt, would cause "calamity" for the world's...

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...
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