US Treasury Secretary Yellen: No Debt Default Guaranteed

U.S. Treasury Secretary Janet Yellen has assured the nation and global markets that a U.S. debt default is impossible, aiming to quell market anxieties surrounding the country’s fiscal stability. Her statement emphasizes the importance of upholding financial integrity, particularly as Congress grapples with navigating necessary budgetary actions. This reassurance follows her previous calls for legislative action to address the looming debt ceiling crisis. Yellen’s efforts to ensure financial stability highlight her responsibility in overseeing critical fiscal matters. While markets remain watchful and awaiting further developments regarding debt limit negotiations, Yellen’s statements offer a sense of calm amidst uncertainty.