Finance

State financial officials pressure Yellen for a plan if country defaults on debt

By Eden Villalovas
Published May 31, 2023 2:57pm ET
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State financial officials pressure Yellen for a plan if country defaults on debt
Federal Reserve Chair Janet Yellen speaks at the International Monetary Fund in Washington, Wednesday, July 2, 2014. Yellen said she doesn't see a need for the Fed to start raising interest rates to address the risk that extremely low rates could destabilize the financial system. (AP Photo/Susan Walsh) | Susan Walsh


Financial officers are concerned about the plan moving forward should the United States fail to reach a deal on the debt ceiling as the “X-date” approaches.

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Debt Ceiling Janet Yellen Treasury Department