{"id":848848,"date":"2021-10-05T12:14:32","date_gmt":"2021-10-05T16:14:32","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=848848"},"modified":"2021-10-05T12:14:33","modified_gmt":"2021-10-05T16:14:33","slug":"treasury-secy-yellen-warns-of-recession-if-congress-doesnt-raise-debt-ceiling","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/treasury-secy-yellen-warns-of-recession-if-congress-doesnt-raise-debt-ceiling\/","title":{"rendered":"Treasury Secy. Yellen warns of recession if Congress doesn\u2019t raise debt ceiling"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftreasury-secy-yellen-warns-of-recession-if-congress-doesnt-raise-debt-ceiling%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=848848&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2540490\" class=\"wp-caption alignnone\">\n<p id=\"caption-attachment-2540490\" class=\"wp-caption-text\">Treasury Secretary Janet Yellen speaks during a House Financial Services Committee hearing, Thursday, Sept. 30, 2021 on Capitol Hill in Washington. (Al Drago\/Pool via AP)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 8:44 AM PT \u2013 Tuesday, October 5, 2021<\/h5>\n<p>Treasury Secretary Janet Yellen said \u201cit would be catastrophic to not pay the government\u2019s bills\u201d while warning of the potential impact of not raising the debt ceiling. In an interview Tuesday, she said she would fully expect a recession if Congress fails to raise the debt limit.<\/p>\n<p>The official contended that raising the debt ceiling should be routine and is almost always done on a bipartisan basis. Yellen stressed not acting on the issue could put the economy at risk amid it\u2019s ongoing recovery from the coronavirus pandemic.<\/p>\n<p>\u201cTo place an arbitrary ceiling on our debt and to create periodic crises, manufactured crises that really place out economy and our financial system at risk, especially now that we are recovering from the pandemic in a fragile way, I consider this irresponsible,\u201d she stated. \u201cI believe that both parties have a responsibility to get this done.\u201d<\/p>\n<p>Lawmakers are facing an October 18 deadline to stop the U.S. from defaulting on its debt for the first time ever. Meanwhile, Joe Biden appears to be pointing his finger at Republicans regarding the matter, perhaps is an attempt to deflect the blame.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Not only are Republicans refusing to do their job to raise the debt ceiling.<\/p>\n<p>They are threatening to use their power to prevent us from doing our job \u2014 saving the economy from a catastrophic event.<\/p>\n<p>It\u2019s hypocritical, dangerous, and disgraceful.<\/p>\n<p>\u2014 President Biden (@POTUS) <a href=\"https:\/\/twitter.com\/POTUS\/status\/1445075460572987393?ref_src=twsrc%5Etfw\">October 4, 2021<\/a><\/p>\n<\/blockquote>\n<h4>MORE NEWS:&nbsp;<a href=\"https:\/\/www.oann.com\/senate-leaders-face-off-in-fight-over-debt-ceiling\/\">Senate Leaders Face-Off In Fight Over Debt Ceiling<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Treasury Secretary Janet Yellen speaks during a House Financial Services Committee hearing, Thursday, Sept. 30, 2021 on Capitol Hill in Washington. (Al Drago\/Pool via AP) OAN NewsroomUPDATED 8:44 AM PT &#8230;<\/p>\n","protected":false},"author":7,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-848848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/848848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=848848"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/848848\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=848848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=848848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=848848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}