Republicans are preparing to let some bills go unpaid as the debt ceiling crisis looms. Janet Yellen says their plan is just 'default by another name.'

• Another debt ceiling crisis is looming, and Republicans and Democrats aren't negotiating.
• Instead, some Republicans have proposed prioritizing some payments over others to avert the crisis.
• Treasury Secretary Janet Yellen said that's just default by another name.

Treasury Secretary Janet Yellen has become the Shakespeare of the debt ceiling crisis, proclaiming that Republicans' proposed plan to selectively pay off some debts is just a default by a different name.