Janet L. Yellen

The failure to raise the debt ceiling would cause an economic and financial catastrophe.

not paying any of our bills is default.

Historically, it is a high level, but on the other hand, interest rates, real interest rates have moved down substantially in recent decades.

this has never been tried. It has been rejected by all past Treasury secretaries.

the Trump tax cuts added hugely to the deficit.

We are changing that. Our budget request provides steady State operational funding that will allow taxpayers to receive the best service possible.

I would love to know who is responsible for that.

prioritization is default by another name.

Historically, it is a high level, but on the other hand, interest rates, real interest rates have moved down substantially in recent decades.

It is a fundamental, basic responsibility of Congress to pay the Government's bills. And I call on Congress to expeditiously raise the debt ceiling.

We are also asking for an increase for the Community Development Financial Institutions (CDFI) Fund, which expands credit and financial support to historically underserved communities.

prioritization is default by another name.