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2021-10-01

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Yellen said support to remove the debt ceiling altogether

With a potential default looming for the U.S. in October, Treasury SecretaryJanet Yellensaid Thursda

Yellen said support to remove the debt ceiling altogether

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The budget deficit through the first 10 months of the fiscal year stood at $2.71 trillion.</p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135635627","content_text":"With a potential default looming for the U.S. in October, Treasury SecretaryJanet Yellensaid Thursday she would just as soon see the power over debt limits taken away from Congress.\nA bill introduced in May would repeal the national debt ceiling, and Yellen said “yes, I would” when asked during a House hearing if she backs the effort.\nShe noted Congress makes the decisions on taxes and spending, and should provide the ability to pay those obligations.\n“If to finance those spending and tax decisions, it’s necessary to issue additional debt, I believe it’s very disruptive to put the president and myself, the Treasury secretary, in a situation where we might be unable to pay the bills that result from those past decisions,” she said in response to a question from Rep. 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Yellen said support to remove the debt ceiling altogether

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