Treasury Secretary Janet Yellen says defaulting on debt would be a "catastrophe"
Treasury Secretary Janet Yellen told Axios a default would cause a financial crisis while President Biden and speaker of the house Rep. Kevin McCarthy are set to discuss raising the debt ceiling on Wednesday. CBS News reporter Sarah Ewall-Wice has more on where Republicans and Democrats stand.
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Treasury Secretary Janet Yellen says defaulting on debt would be a "catastrophe"
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