Janet Yellen: “The strong actions we have taken ensure that Americans' deposits are safe.”

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.

But what caused our cash balances to run to exceptionally low levels in the past was the failure of Congress to raise the debt limit.

The President has proposed in his most recent budget expanding the Child Tax Credit.

The treasury secretary, Janet Yellen, is my exclusive guest tonight.