Fiscal failure would lead to major questions about Washington’s “global economic leadership,” Janet Yellen has warned A default by the US on its sovereign debt would be disastrous for the economy and would undermine the country’s ability to provide international leadership, Treasury Secretary Janet Yellen has warned.

This first instance of the measure won’t be the last, US Attorney General Merrick Garland has promised US Attorney General Merrick Garland has authorized the first-ever transfer to Ukraine’s state coffers of expropriated Russian funds.

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