Democrats face GOP blockage on raising debt ceiling as time is running out
CNN
Treasury Secretary Janet Yellen had a clear and dire message for Senate Minority Leader Mitch McConnell: The US economy, still emerging from a pandemic-driven economic collapse, can't afford a self-inflicted catastrophe.
The message about the repercussions of the first US default in history wasn't framed through a political lens, or even an attempt at persuasion, according to multiple people familiar with the arranged August 14 call. It was a concise road map of the potential devastation that loomed in the coming weeks without congressional action.
McConnell's response was similarly to the point, and didn't diverge from his repeated public statements on the looming need for a debt ceiling increase.
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