Political Quotes

Janet L. Yellen: prioritization is default by another name.

On the recordMarch 22, 2023
prioritization is default by another name.
Said by
Janet L. Yellen

Editor's note · Context

Yellen explains that prioritizing payments is equivalent to defaulting on obligations.

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More from Janet L. Yellen

Mar 22, 2023

Those who were responsible for the failure of a bank should not be profiting when stockholders and investors in the bank are taking--forced to take losses.

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

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Mar 22, 2023

not paying any of our bills is default.

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Mar 22, 2023

not paying any of our bills is default.

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