U.S. economy

U.S. Treasury Secretary Janet Yellen addresses a hybrid meeting hosted by President Joe Biden with corporate chief executives and members of his cabinet to discuss the looming federal debt limit in the South Court Auditorium in the Eisenhower Executive Office Building on October 06, 2021 in Washington, D.C. (Photo by Chip Somodevilla/Getty Images)

Yellen: The U.S. should never be in the position to invoke 14th Amendment on extending debt limit

Treasury Secretary Janet Yellen said the U.S. should never be in a position where they consider revoking the Fourteenth Amendment to avoid the debt limit. During an interview on Sunday, Yellen said the White House interfering in matters of debt would be a “disastrous situation.”

Joe Biden speaks about the bipartisan infrastructure bill and his Build Back Better agenda at the International Union of Operating Engineers Training Facility in Howell, Michigan, on October 5, 2021. (Photo by NICHOLAS KAMM/AFP via Getty Images)

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Biden: My agenda is about American competitiveness

Joe Biden rallied support for his domestic agenda in Michigan. The Democrat visited a union training facility northwest of Detroit in Howell on Tuesday.

U.S. Senate Minority Leader Mitch McConnell, Republican of Kentucky, with Republican Senators John Barrasso (left) and John Thune (right), arrives to speak to reporters after the Republican policy luncheon at the U.S. Capitol in Washington, D.cC) (Photo by MANDEL NGAN/AFP via Getty Images)

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Senate leaders face-off in fight over debt ceiling

The debate has heated up in the upper chamber as senators from both sides sparred over the debt ceiling. On Monday, Senate Majority Leader Chuck Schumer (D-N.Y.) and Senate Minority Leader Mitch McConnell (R-Ky.) took aim at one another amid the battle over who had control over the U.S. economy.