United States

Yellen says having a debt ceiling has become increasingly damaging to U.S.

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Treasury Secretary Janet Yellen attends the House Financial Services Committee hearing in Washington, U.S., September 30, 2021. Al Drago/Pool via REUTERS/Files

WASHINGTON, Oct 7 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Thursday she was pleased the Senate was moving toward suspending the debt limit but she added that having a debt ceiling has become increasingly damaging to the United States.

"It's led to a series of politically dangerous conflicts that have caused Americans and global markets to question whether or not America is serious about paying its bills," she told CNN in an interview.

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Reporting by Eric Beech and David Lawder; Editing by Sandra Maler

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