On the recordMarch 22, 2023
not paying any of our bills is default.
Said by
Janet L. Yellen
Source
congress.govnot paying any of our bills is default.
Yellen emphasizes that failing to pay all bills constitutes a default.
Share
More from Janet L. Yellen
We are changing that. Our budget request provides steady State operational funding that will allow taxpayers to receive the best service possible.
The failure to raise the debt ceiling would cause an economic and financial catastrophe.
The guidelines that we have put in effect for all Treasury employees... conform with OMB and Administration guidance.
Our budget request shores up our capacity to respond to Russia's immoral war in advance of our national security priorities.