Treasury Secretary Janet Yellen speaks during an event at the US Department of the Treasury on September 15, 2021 in Washington, DC.
Treasury Secretary Janet Yellen.
  • Treasury Sec. Janet Yellen reiterated the consequences of failing to raise the debt ceiling.
  • She said defaulting on the national debt could strip Social Security benefits from seniors and veterans.
  • The GOP is currently negotiating a deal to raise the debt ceiling, including spending cuts.

The nation's top Treasury official just issued another warning on the consequences of failing to raise the debt ceiling.