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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. (AP Photo/J. Scott Applewhite) 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)