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Biden, Yellen warn of ‘catastrophe’ if debt limit not raised

Senate Majority Leader Chuck Schumer, D-N.Y., arrives to speak with reporters following a Democratic Caucus meeting, at the Capitol in Washington, Tuesday, Feb. 14, 2023. (AP Photo/J. Scott Applewhite) Senate Republican Leader Mitch McConnell, R-Ky., speaks during a news conference at the Capitol in Washington, Tuesday, Feb. 14, 2023. McConnell is stepping down from his role as Senate Republican leader in November 2024. President Joe Biden speaks at the National Association of Counties 2023 Legislative Conference in Washington, Tuesday, Feb. 14, 2023. (AP Photo/Susan Walsh) U.S. Treasury Secretary Janet Yellen speaks during a roundtable discussion at Dinokeng Game Reserve in Hammanskraal, north of Pretoria, South Africa, Wednesday, Jan. 25, 2023, as part of a Treasury ten-day tour of Africa, with stops in Senegal, Zambia and South Africa. (AP Photo/Themba Hadebe)