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Asharq Al-Awsat
Asharq Al-Awsat
World
Washington - Asharq Al-Awsat

US Secretary of Treasury: US Failure to Pay Debts Could Spur Global Finance Crisis

Janet Yellen United States Washington D.C.
United States Secretary of the Treasury Janet Yellen (AP)

United States Secretary of the Treasury Janet Yellen warned on Friday that Washington could spur a global financial crisis and undermine the role of the dollar if it fails to pay its debts.

The US government hit its $31.4 trillion borrowing limit on Thursday, a figure that reflects money already spent by the government.

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