Janet L. Yellen: “Our budget request shores up our capacity to respond to Russia's immoral war in advance of our national security…”

Historically, it is a high level, but on the other hand, interest rates, real interest rates have moved down substantially in recent decades.

We have degraded the Kremlin's ability to replace more than 9,000 pieces of heavy military equipment that it has lost on the battlefield.

prioritization is default by another name.

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