Trend > News > US default on debt would trigger 'economic catastrophe,' Yellen says
US default on debt would trigger 'economic catastrophe,' Yellen says
US default on debt would trigger 'economic catastrophe,' Yellen says,The treasury secretary said a default on debt would cause job losses and increase household payments on mortgages, auto loans and credit cards.

US default on debt would trigger 'economic catastrophe,' Yellen says

The treasury secretary said a default on debt would cause job losses and increase household payments on mortgages, auto loans and credit cards.