Janet L. Yellen: “We are changing that. Our budget request provides steady State operational funding that will allow taxpayers to receive…”

The failure to raise the debt ceiling would cause an economic and financial catastrophe.

prioritization is default by another name.

The guidelines that we have put in effect for all Treasury employees... conform with OMB and Administration guidance.

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