On the recordMarch 22, 2023
prioritization is default by another name.
Said by
Janet L. Yellen
Source
congress.govEditor's note · Context
Yellen argues prioritizing payments is equivalent to defaulting on obligations.
Share
More from Janet L. Yellen
Mar 22, 2023
The failure to raise the debt ceiling would cause an economic and financial catastrophe.
Jun 4, 2024
Thank you for the invitation to testify and for your support of the Treasury Department.
Mar 22, 2023
this has never been tried. It has been rejected by all past Treasury secretaries.
Jun 4, 2024
I am heartened that Congress passed crucial support for Ukraine and for other allies.