Janet Yellen: “The failure to raise the debt ceiling would cause an economic and financial catastrophe.”

The most recent and optimistic estimate I’ve seen suggested that the average household will see on the order of $1,000 reduction in income.

I think what we found during that time was that implementing strong capital, liquidity, and risk management rules led to a stronger banking system.

the tax cuts passed by Donald Trump and Congressional Republicans... was responsible for many of the problems that we face now with our fiscal trajectory.

We certainly have proposed extending the Child Tax Credit, which was immensely helpful, and we are supportive of the legislation that has gone through the House.