Yellen: ‘Every Responsible Member of Congress Must Agree to Raise Debt Ceiling’

U.S. Treasury Secretary Janet Yellen attends a bilateral meeting with China's Vice-Premier Liu He in Zurich on Jan. 18, 2023. Michael Buholzer/Keystone via AP

U.S. Treasury Secretary Janet Yellen says Congress must increase the nation’s debt ceiling to avoid financial disaster.

“America has paid its bills on time since 1789. And not to do so would produce an economic and financial catastrophe,” Yellen said Feb. 6 on ABC’s “Good Morning America.”