Janet Yellen says US default would trigger a global economic downturn

US Treasury Secretary Janet Yellen urged Congress on Thursday to raise its debt ceiling, warning that a US default would produce an "economic and financial catastrophe" that would trigger a global economic downturn and risk undermining the country's ability to provide global leadership.

source https://www.cnn.com/2023/05/11/economy/yellen-us-debt-ceiling-default-warning-intl-hnk/index.html