WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Monday reiterated her call for Congress to raise the U.S. debt limit through bipartisan action as the federal government moves closer to exhausting its borrowing capability.
The move would not increase government spending or pave the way for future spending, she said in a statement, adding: “It simply allows Treasury to pay for previously enacted expenditures. Failure to meet those obligations would cause irreparable harm to the U.S. economy and the livelihoods of all Americans.”
(Reporting by Susan Heavey)
