Yellen warns Congress of nearing US default

US could default in October

clock • 1 min read

US Treasury secretary Janet Yellen has urged Congress to raise the debt ceiling to avoid US default, warning the Treasury could run out of cash as early as October.

To continue reading this article...

Join Investment Week today

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Markets

Market Movers blog: Global bond yields rise as uncertainty lingers

Market Movers blog: Global bond yields rise as uncertainty lingers

Latest news and analysis

Investment Week
clock 24 September 2026 • 1 min read
Fixed income managers cut US Treasury duration over yield curve concerns

Fixed income managers cut US Treasury duration over yield curve concerns

Equities remain resilient

Michael Nelson
clock 11 September 2026 • 5 min read
ECB raises rates to 2.5% in Middle East conflict 'balancing act'

ECB raises rates to 2.5% in Middle East conflict 'balancing act'

25bps increase

clock 10 September 2026 • 3 min read
Trustpilot