Janet L. Yellen: “this has never been tried. It has been rejected by all past Treasury secretaries.”

Thank you for the invitation to testify and for your support of the Treasury Department.

this has never been tried. It has been rejected by all past Treasury secretaries.

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.