On the recordMarch 22, 2023
It is a fundamental, basic responsibility of Congress to pay the Government's bills.
Said by
Janet L. Yellen
Source
congress.govIt is a fundamental, basic responsibility of Congress to pay the Government's bills.
Yellen emphasizes Congress's duty to ensure government payments.
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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.