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Janet Yellen appeals to Wall Street for help with debt ceiling

The calls are the latest sign of mounting pressure on the US government to avert a potential crisis if it's no longer able to borrow money to pay its bills

Janet Yellen
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US Treasury Secretary Janet Yellen

Joe Light & Hannah Levitt | Bloomberg
US Treasury Secretary Janet Yellen called the leaders of Wall Street’s largest financial firms in recent days to enlist their help in her campaign to pressure Republicans to support raising or suspending the debt ceiling, according to people familiar with the matter.

Yellen reached out to chief executive officers including JPMorgan Chase’s Jamie Dimon, Citigroup’s Jane Fraser, Wells Fargo’s Charlie Scharf, Bank of America’s Brian Moynihan and a senior official at Goldman Sachs Group, the people said, asking not to be identified discussing non-public information.

The calls are the latest sign of mounting pressure on the US government to avert a potential