Yellen says Delta slowing recovery, urges Congress to raise U.S. debt limit-testimony

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WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen told senators on Tuesday that the United States should return to full employment next year despite headwinds from the coronavirus Delta variant and again urged Congress to quickly lift the federal debt limit. In prepared remarks to a Senate Banking Committee hearing, Yellen said the recovery from a COVID-19 pandemic-induced recession remains “fragile but rapid.” “While our economy continues to expand and recapture a substantial share of the jobs lost during 2020, significant challenges from the Delta variant continue to suppress the s…

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