Treasury Secretary Janet Yellen called on Congress to increase the federal government’s debt limit by December, warning on Sunday that inaction could cause a recession. The Senate’s vote on Thursday extended the government’s borrowing authority into December — when another showdown between Democrats and Republicans is likely. If the debt ceiling isn’t raised again, the consequences would include missed Social Security payments, failure to pay troops and a potential blow to the country’s credit rating, Yellen said on ABC’s “This Week.” “There is an enormous amount at stake. A failure to raise t… (more…)