Treasury Secretary Janet Yellen pleads with Congress to raise or suspend debt limit

Treasury Secretary Janet Yellen urged Congress Wednesday to address the debt ceiling immediately, in order to keep the U.S. from defaulting on its financial obligations. 

In 2019, President Trump suspended the nation's borrowing limit for two years, until after the 2020 elections, and that suspension will expire on July 31, setting off a likely battle in Congress over spending.  "I would plead with Congress simply to protect to full faith and credit of the United States by acting to raise or suspend the debt limit as soon as possible," Yellen said.