Yellen Says It Would Be a ‘Catastrophe’ if Debt Ceiling Isn’t Raised

The transcript discusses the reinstatement of the debt limit and the Treasury's use of extraordinary measures to prevent a default. It highlights the political dynamics between Republicans and Democrats regarding the debt ceiling and emphasizes the importance of bipartisan support. The speaker shares personal experiences with past debt ceiling increases and notes the recent outreach from the administration.

Why does Secretary Yellen believe raising the debt ceiling should be bipartisan?

What was the nature of the outreach Secretary Yellen received from the administration?