On the recordMarch 22, 2023
This has never been tried. It has been rejected by all past Treasury secretaries.
Said by
Janet L. Yellen
Source
congress.govThis has never been tried. It has been rejected by all past Treasury secretaries.
Yellen notes that prioritizing payments has been consistently opposed by previous Treasury secretaries.
Share
More from Janet L. Yellen
The guidelines that we have put in effect for all Treasury employees... conform with OMB and Administration guidance.
The failure to raise the debt ceiling would cause an economic and financial catastrophe.
I am heartened that Congress passed crucial support for Ukraine and for other allies.
This has never been tried. It has been rejected by all past Treasury secretaries.