Looming debt ceiling deadline: Expert says economic impact could be significant if deal is not reached by June 1
Virginia TechWhile President Joe Biden says that he is confident he can reach a deal with Republicans over the debt ceiling, Treasury Secretary Janet Yellen is warning of “economic chaos” should that not come to fruition. Virginia Tech economist Jadrian Wooten says if a deal is not reached by June 1, the impact on the U.S. and globally would be significant.