Treasury Secretary Janet Yellen said the only good outcome in the current US debt standoff is for Congress to raise the ceiling.

“What global markets and American households and businesses need to see is that we have a Congress that is committed to paying the bills,” Yellen said Friday in an interview with Bloomberg Television.

“If Congress fails to do that, it really impairs our credit rating,” Yellen added, speaking on the sidelines of a Group of Seven gathering of finance officials in Niigata, Japan.

Yellen has mostly declined to spell out what her department would do if Congress fails to raise or suspend the debt limit before the Treasury finds itself unable to cover all the government’s obligations.

Back in Washington, President Joe Biden and House Speaker Kevin McCarthy postponed a meeting on the debt ceiling set for Friday. People familiar with the talks said the postponement was a sign that staff-level talks were yielding progress.