Yellen Warns U.S. Default on Debt Will Trigger Recession
We ran the numbers: There are 1295 news articles covering this topic. 27% (352) are left leaning, 48% (618) are center, and 25% (325) are right leaning.
On Tuesday, Treasury Secretary Janet Yellen warned that if the government’s debt limit isn't raised by October 18, the United States would default on its debt. While left-leaning articles highlight that the hearing also included a strong denunciation of Federal Chair Jerome Powell by Senator Elizabeth Warren, right-leaning articles highlight that Yellen’s revelation of the date gives Congress just three weeks before the U.S. could default on its obligations.
A left-leaning article by The Washington Post highlights that the hearing also included a strong denunciation of Federal Chair Jerome Powell by Senator Elizabeth Warren, who said she would oppose Powell’s renomination. In a separate letter that Yellen sent to congressional leaders, she reinforced her assertion that a prolonged battle over raising the limit could imperil the economy.
Newsweek published a centrist article reporting that Yellen said the government’s failure to raise the debt limit would trigger a rise in interest rates and an economic recession. Yellen added that failing to raise the debt ceiling would likely raise interest rates for U.S. citizens and the government's own interest payments on the national debt.
A right-leaning article by The Washington Examiner highlights that Yellen’s revelation of the date gives Congress just three weeks before the U.S. could default on its obligations. Democrats in Congress were hoping to pass legislation to raise the debt limit as part of a package to fund the federal government.
From the center
Treasury Secretary Warns U.S. Default on Debt Will Trigger Interest Rate Rise, Recession
Newsweek