On the recordMarch 22, 2023
prioritization is default by another name.
Said by
Janet L. Yellen
Source
congress.govprioritization is default by another name.
Yellen explains that prioritizing payments is equivalent to defaulting on obligations.
Share
More from Janet L. Yellen
Treasury continues to impose sanctions to constrict Russia's ability to wage war.
The failure to raise the debt ceiling would cause an economic and financial catastrophe.
It is a fundamental, basic responsibility of Congress to pay the Government's bills.
I am heartened that Congress passed crucial support for Ukraine and for other allies.