Yellen is now slated to leave for Japan this week and will hold a news conference in Niigata, Japan, on Thursday before the G7 meeting. Talks on the issue should not take place "with a gun to the head of the American people," Yellen said in a pointed reference to Republican lawmakers' insistence on tying a debt-ceiling increase to sweeping spending cuts that Democrats oppose. The Treasury secretary delayed a planned trip to Japan for this week's Group of Seven finance ministers meeting to appear on the ABC News program "This Week" on Sunday, where she warned the failure of Congress to raise the $31.4 trillion debt ceiling could trigger a "constitutional crisis." While the sources did not spell out her purpose, Biden administration officials have been speaking to business owners about pressuring Republicans to raise the debt ceiling without conditions. The sources declined to name the CEOs with whom Yellen had spoken in recent days, or provide any other details about their conversations, but one said they included executives in the financial sector and broader economy. The Treasury secretary is having one-on-one conversations with individual CEOs to warn them about the "dangerous consequences of the current brinkmanship," one of the sources said. and global economies, two sources familiar with the matter said on Monday. default on its debt would have on the U.S. business and financial leaders to explain the "catastrophic" impact a U.S. WASHINGTON, May 8 (Reuters) - Treasury Secretary Janet Yellen is reaching out to U.S.
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