- Janet Yellen says only good outcome in current US debt standoff is for Congress to raise debt ceiling.
- Failure to raise ceiling impairs credit rating and would be 'an economic and financial catastrophe'.
- President Joe Biden and House Speaker Kevin McCarthy postponed meeting on debt ceiling.
- Treasury chief says it's still unclear when Treasury will run out of funds.
- Yellen intends to update Congress as date approaches.
Yellen Says Only Good Outcome Is Congress Raising Debt Ceiling
Treasury Secretary Janet Yellen said the only good outcome in the current US debt standoff is for Congress to raise the ceiling.
Christopher Condon
