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Rohit Chopra, Director of the Consumer Financial Protection Bureau, testifies before the Senate Committee on Banking, Housing, and Urban Affairs committee during a hearing on Capitol Hill in Washington, D.C., on Thursday, December 15, 2022.
Rohit Chopra, Director of the Consumer Financial Protection Bureau.

Sarah Silbiger/The Washington Post/Getty Images

  • A US debt default could spike borrowing costs and should concern everyone, a consumer watchdog says. 
  • Democrats and Republicans have remained locked in an impasse over raising the $31.4 trillion debt ceiling.
  • Treasury Secretary Janet Yellen had warned the US could run out of money as soon as June 1.

The ongoing US debt ceiling debate should concern everyone, the head of America's top consumer watchdog told CNN last Thursday.

Tags
economy, News, united states, credit card, Debt, Default, Debt Ceiling, Consumer Financial Protection Bureau
Source
A US debt default could spike borrowing costs like credit cards and mortgages, …